Safestyle has announced a trading update this morning warning of increased competitive pressures that have impacted order intake and are expected to result in a 9.5% reduction to FY18 revenues. The actions of an aggressive new market entrant have led to a decline in the Group’s canvassing salesforce in certain regions of its operations. Management is taking action to counter these pressures with planned major restructuring of the Sales and Canvassing functions underway and a review of t
28 Feb 2018
Trading update
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Trading update
- Published:
28 Feb 2018 -
Author:
Andy Hanson -
Pages:
8
Safestyle has announced a trading update this morning warning of increased competitive pressures that have impacted order intake and are expected to result in a 9.5% reduction to FY18 revenues. The actions of an aggressive new market entrant have led to a decline in the Group’s canvassing salesforce in certain regions of its operations. Management is taking action to counter these pressures with planned major restructuring of the Sales and Canvassing functions underway and a review of t