After what has been a very challenging year, Tandem's has reported FY22A results largely in line with expectations. Group revenue fell 35% YoY, as the demand surge seen during COVID-19 lockdowns reversed, which was further compounded by intensifying cost-of-living pressures. Nevertheless, Tandem remained profitable (FY22A Adj PAT of £1.2m), cash generative, and has made good operational progress on multiple fronts, including consolidating its warehouse footprint, relaunching websites, adding cus ....

27 Mar 2023
Cenkos: Tandem Group Plc -- Moving in the right direction

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Cenkos: Tandem Group Plc -- Moving in the right direction
Tandem Group plc (TND:LON) | 158 -10.2 (-4.0%) | Mkt Cap: 8.62m
- Published:
27 Mar 2023 -
Author:
Peter Renton -
Pages:
7 -
After what has been a very challenging year, Tandem's has reported FY22A results largely in line with expectations. Group revenue fell 35% YoY, as the demand surge seen during COVID-19 lockdowns reversed, which was further compounded by intensifying cost-of-living pressures. Nevertheless, Tandem remained profitable (FY22A Adj PAT of £1.2m), cash generative, and has made good operational progress on multiple fronts, including consolidating its warehouse footprint, relaunching websites, adding cus ....