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Trading statements

Findel sees improvement in sales

24 March 2016 07:35

Findel, a market leader in the UK home shopping and education supplies markets, has seen an improvement in recent sales performances of its two businesses, trends which position the group well in the coming year.

The group expects pre-tax profits for the year ending 25 March to be in line with current market forecasts.

Executive chairman David Sugden said: ""Our thematic reviews of past product sales are increasingly thorough and, whilst it is disappointing that we continue to find additional areas where customer redress is appropriate, shareholders should take comfort from the fact that we are now identifying inappropriate products for which sales ceased in 2006 and taking active steps to ensure that all issues identified are properly dealt with. "Looking further ahead, we remain confident that Express Gifts' strategy will yield significant medium-term profit growth and Education is well placed to benefit from the actions we are taking."

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Related Company: FDL

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