Walker Greenbank has confirmed that repairs to the Anstey factory printing machine that was affected by the fire 4 weeks ago are progressing, and it will be up and running again in early Q1 FY19. Insurance will cover the repair/replacement costs, and there will be no loss of profit (just a deferral from Q4 into Q1). The deferred printing revenue is expected to be of the order £1m and the profit shift will be about £0.4m. We have altered our forecasts accordingly, from £12.8m

04 Jan 2018
Trading in line with reduced forecasts; Anstey defers £0.4m profit to Q1

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading in line with reduced forecasts; Anstey defers £0.4m profit to Q1
Sanderson Design Group PLC (SDG:LON) | 52.5 -1.3 (-4.8%) | Mkt Cap: 37.8m
- Published:
04 Jan 2018 -
Author:
Matthew McEachran -
Pages:
3 -
Walker Greenbank has confirmed that repairs to the Anstey factory printing machine that was affected by the fire 4 weeks ago are progressing, and it will be up and running again in early Q1 FY19. Insurance will cover the repair/replacement costs, and there will be no loss of profit (just a deferral from Q4 into Q1). The deferred printing revenue is expected to be of the order £1m and the profit shift will be about £0.4m. We have altered our forecasts accordingly, from £12.8m