Although against a soft comp, EBIT increased 4-fold in H1 and came in ahead of our expectations. The main factor was a stronger than expected gross margin, the key drivers of which are ongoing. This allowed key investment to support Swallowfield owned brands, including recent launches, as well as organisational development. Progress and execution on all 4 key strategic pillars is encouraging as is the outlook statement. Confidence in future growth, and in the potential to raise EBIT margins, sho ....
01 Mar 2016
Good execution and progress on all key pillars of strategy
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Good execution and progress on all key pillars of strategy
Brand Architekts Group plc (BAR:LON) | 28.5 0.6 8.0% | Mkt Cap: 7.96m
- Published:
01 Mar 2016 -
Author:
Matthew McEachran -
Pages:
4
Although against a soft comp, EBIT increased 4-fold in H1 and came in ahead of our expectations. The main factor was a stronger than expected gross margin, the key drivers of which are ongoing. This allowed key investment to support Swallowfield owned brands, including recent launches, as well as organisational development. Progress and execution on all 4 key strategic pillars is encouraging as is the outlook statement. Confidence in future growth, and in the potential to raise EBIT margins, sho ....