Sanderson has released a full year trading update indicating that adjusted operating profit (£3.9m) was in line with our expectations with revenue slightly below (-4%). Digital Retail had a good year, delivering comfortable double-digit growth while Enterprise made solid progress despite extended sales cycles. Cash generation was again strong with year-end net cash of over £6m significantly ahead of our expectation. We have trimmed our revenue estimates to reflect the small shortfall in FY 2017 ....
30 Oct 2017
N+1 Singer - Sanderson Group - Full year profits in line, Digital Retail and cash the stand-outs
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N+1 Singer - Sanderson Group - Full year profits in line, Digital Retail and cash the stand-outs
Sondrel (Holdings) Ltd. (SND:LON) | 3.4 0 (-2.8%) | Mkt Cap: 2.97m
- Published:
30 Oct 2017 -
Author:
N+1 Singer Team -
Pages:
4
Sanderson has released a full year trading update indicating that adjusted operating profit (£3.9m) was in line with our expectations with revenue slightly below (-4%). Digital Retail had a good year, delivering comfortable double-digit growth while Enterprise made solid progress despite extended sales cycles. Cash generation was again strong with year-end net cash of over £6m significantly ahead of our expectation. We have trimmed our revenue estimates to reflect the small shortfall in FY 2017 ....