Findel has made a strong start to FY19, with both businesses trading in line with expectations for the 16 weeks to 20 July 2018. Revenue growth at the key Express Gifts division has accelerated over that of FY18, while the turnaround at Education continues with the customer base now in growth. We retain our forecast and 428p valuation.
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Findel - Strong Q1 gives firm base ahead of peak trading
- Published:
26 Jul 2018 -
Author:
Paul Hickman -
Pages:
2
Findel has made a strong start to FY19, with both businesses trading in line with expectations for the 16 weeks to 20 July 2018. Revenue growth at the key Express Gifts division has accelerated over that of FY18, while the turnaround at Education continues with the customer base now in growth. We retain our forecast and 428p valuation.