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09 May 2019 | 09:53

Findel expects profits 'slightly above' expectations following 'good' Q4

Findel said it expected profits 'slightly above' market expectations after reporting 'good' trading in its fiscal fourth quarter as its garden ranges benefitted from the warmer weather in early February and homeware ranges continued to keep up momentum. 'The draft unaudited results show that the full-year PBT1 for the year ended 29 March 2019 is slightly above current market expectations of £27 to £28 million,' the company said Its education segment saw an acceleration in customer recruitment during the fourth quarter and a further increase in online ordering levels, which was 'encouraging as we go into the new financial year,' the company said. The Group's core net debt2 ended March 2019 at c. £57m, down from £73.8m at the end of March 2018.

At 9:53am: (LON:FDL) Findel PLC share price was +7.25p at 183.25p

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