H1 PBT growth of £10m was well ahead of our forecast. This can partly be explained by phasing differences relating to the sale of delinquent debt and intra-year changes to provisioning. However, this only accounts for half of the uplift meaning underlying growth exceeded expectations. Softer trade in Oct was quite timely as it coincided with a marketing lull to launch Financier. Strong subsequent trading in Nov and a successful Black Fri campaign means good visibility for the FY with FDL on trac ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Findel - Digital transformation gaining momentum
- Published:
29 Nov 2017 -
Author:
Matthew McEachran -
Pages:
8
H1 PBT growth of £10m was well ahead of our forecast. This can partly be explained by phasing differences relating to the sale of delinquent debt and intra-year changes to provisioning. However, this only accounts for half of the uplift meaning underlying growth exceeded expectations. Softer trade in Oct was quite timely as it coincided with a marketing lull to launch Financier. Strong subsequent trading in Nov and a successful Black Fri campaign means good visibility for the FY with FDL on trac ....