Since the recommencement of operations in May (14th) demand has been much stronger than anticipated. For the last eight weeks order intake has grown 23.2% with the order book at the end of June 45% higher than at the same point in 2019. This has forced management to increase capacity further, whilst increasing lead generation spend and a shorter furlough period than we had assumed as workers came back earlier. The resulting additional costs incurred are likely to mean H1 profitability will be l ....
24 Jul 2020
Safestyle UK Plc (SFE LN) - Recommencement of operations has started well with high levels of demand
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Safestyle UK Plc (SFE LN) - Recommencement of operations has started well with high levels of demand
- Published:
24 Jul 2020 -
Author:
Andy Hanson -
Pages:
7
Since the recommencement of operations in May (14th) demand has been much stronger than anticipated. For the last eight weeks order intake has grown 23.2% with the order book at the end of June 45% higher than at the same point in 2019. This has forced management to increase capacity further, whilst increasing lead generation spend and a shorter furlough period than we had assumed as workers came back earlier. The resulting additional costs incurred are likely to mean H1 profitability will be l ....