Sanderson has released a full year trading update indicating that revenue is slightly ahead (we estimate 5%) of expectations, and profits are in line with expectations. Revenue growth of 10%, strong order intake (+20% to £12.0m), a reassuring order book (£3.0m) and positive trading momentum within both Digital Retail and Enterprise gives us confidence in the outlook for the current year. We increase our headline revenue estimates to reflect the strength of the full year outturn, but leave our pr ....
19 Oct 2016
N+1 Singer - Sanderson Group - Strong finish to year highlights attractive valuation
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N+1 Singer - Sanderson Group - Strong finish to year highlights attractive valuation
Sondrel (Holdings) Ltd. (SND:LON) | 5.9 0 0.0% | Mkt Cap: 5.16m
- Published:
19 Oct 2016 -
Author:
N+1 Singer Team -
Pages:
4
Sanderson has released a full year trading update indicating that revenue is slightly ahead (we estimate 5%) of expectations, and profits are in line with expectations. Revenue growth of 10%, strong order intake (+20% to £12.0m), a reassuring order book (£3.0m) and positive trading momentum within both Digital Retail and Enterprise gives us confidence in the outlook for the current year. We increase our headline revenue estimates to reflect the strength of the full year outturn, but leave our pr ....