In an unscheduled trading update today, SFE indicates slightly weaker sales than hoped since the last formal update in September, and leads coming at a slightly higher cost of acquisition and lower margin. This has been exacerbated in Dec by delays to their installation programme due to the snow, which will delay some business into Q1 next year. The net effect is a shortfall of c£1.5m versus previously downgraded expectations, and guidance towards c£15m PBT. This equates to a 10% downgrade and a ....
13 Dec 2017
N+1 Singer - Safestyle UK - Tougher trading & further margin pressure drives another 10% d/grade
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N+1 Singer - Safestyle UK - Tougher trading & further margin pressure drives another 10% d/grade
- Published:
13 Dec 2017 -
Author:
Matthew McEachran -
Pages:
3
In an unscheduled trading update today, SFE indicates slightly weaker sales than hoped since the last formal update in September, and leads coming at a slightly higher cost of acquisition and lower margin. This has been exacerbated in Dec by delays to their installation programme due to the snow, which will delay some business into Q1 next year. The net effect is a shortfall of c£1.5m versus previously downgraded expectations, and guidance towards c£15m PBT. This equates to a 10% downgrade and a ....