The full year update indicates SWL has traded broadly in line with expectations. Owned Brands performed strongly, surpassing expectations via gross margin gains and lower costs. Interest and central costs (share-based payments) were lower too. However, this has been offset by challenges in Manufacturing, namely 1) delays onboarding 3 large new customers (timing issue only) and 2) margin erosion from raw material inflation, the magnitude and speed of which management had underestimated. But for t ....
11 Jul 2018
Strong growth in Brands mitigates Manufacturing
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Strong growth in Brands mitigates Manufacturing
Brand Architekts Group plc (BAR:LON) | 28.5 0.6 8.0% | Mkt Cap: 7.96m
- Published:
11 Jul 2018 -
Author:
Matthew McEachran -
Pages:
3
The full year update indicates SWL has traded broadly in line with expectations. Owned Brands performed strongly, surpassing expectations via gross margin gains and lower costs. Interest and central costs (share-based payments) were lower too. However, this has been offset by challenges in Manufacturing, namely 1) delays onboarding 3 large new customers (timing issue only) and 2) margin erosion from raw material inflation, the magnitude and speed of which management had underestimated. But for t ....