H1 results are a smidge ahead of our expectations and current trading is encouraging ahead of the autumn trading peak, including in the UK where background conditions have generally been a bit mixed. Management is confident of being able to meet FY expectations, and a 25.7% increase in the dividend marks another step towards improving the pay-out ratio (to >25% vs. <20% in FY’14). FX headwinds plus investment in resource and a number of new initiatives have recently been preventing EBIT margins ....
14 Oct 2015
Strategy and performance on track to meet FY expectations
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Strategy and performance on track to meet FY expectations
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
14 Oct 2015 -
Author:
Matthew McEachran -
Pages:
4
H1 results are a smidge ahead of our expectations and current trading is encouraging ahead of the autumn trading peak, including in the UK where background conditions have generally been a bit mixed. Management is confident of being able to meet FY expectations, and a 25.7% increase in the dividend marks another step towards improving the pay-out ratio (to >25% vs. <20% in FY’14). FX headwinds plus investment in resource and a number of new initiatives have recently been preventing EBIT margins ....