SpaceandPeople (SAL) has suggested that it should be judged against a single fundamental strategic target this year. So, has it demonstrated that its focus on the core business is both sustainable and profitable? We’d argue that, from this perspective, the interims are most reassuring. Last year’s reorganisation cut costs and has improved productivity, a direct result of which is a positive contribution from each division in H1. More streamlined operations are better placed to profitably deliver services to clients which, based on recent trading, appear to remain highly relevant to retailers and brands. The outlook is underpinned by additions to the client list over the last year, H1 performance and a positive start to the typically stronger second half.
