Share Prices & Company Research

Market News

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

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.