Half year results confirm challenging conditions continue to have an effect on trading and customer confidence. The Board have previously reduced guidance factoring in lower trading over the summer, but with the expectation of a seasonal uplift in 2H, helped by new product launches guidance has now been maintained. The shares have seen a severe reaction to lowered forecasts. Trading on a FY25E P/E of 14.5x the shares offer good value on the anticipation of some recovery and new strategic initiat ....
