Tandem Group (TND)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 177.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 250.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 5.47m
  • Volume: 17,926
  • Market Cap: 9.71m
  • RiskGrade: 205

Tandem YTD revenues up almost a quarter despite strong comparatives

By Iain Gilbert

Date: Wednesday 02 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Sports and leisure products retailer Tandem Group said on Wednesday that trading had "remained robust" since February albeit against a much stronger prior year comparative, with group-wide revenues up 24% year-on-year.
Tandem said business-to-business revenues between in the five months ended 31 May from its sports, leisure and toy ranges were approximately 32% higher of year-on-year, driven by increased FOB national retailer business and growth in its own-brand products being materially ahead of the prior year.

The AIM-listed group added that its Ben Sayers golf business had also performed "particularly well", with revenue more than double what it had recorded in the previous year-to-date period and its forward order book also well ahead of 2020, and noted that bicycle revenue was approximately 21% ahead of the prior-year period, with ebike revenue "particularly significant" at 112% ahead.

Tandem did caution that one of its "biggest challenges" was stock availability, particularly on bicycles, which receipt thereof had been interrupted by worldwide shipping capacity and container availability.

"Freight costs have increased again in recent weeks and global demand for components, particularly for bicycles, remains high which has impacted our margin," said Tandem.

"Despite these challenges group revenue to 31 May 2021 was approximately 24% ahead of the same period last year. Profitability was also considerably ahead of the prior year augmented by our cost base not yet returning to pre-Covid levels."

As of 1130 BST, Tandem shares were down 3.76% at 640.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tandem Group Market Data

Currency UK Pounds
Share Price 177.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 250.00
52 Week Low 115.00
Volume 17,926
Shares Issued 5.47m
Market Cap 9.71m
RiskGrade 205

Tandem Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.97% below the market average17.97% below the market average17.97% below the market average17.97% below the market average17.97% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income Not Available
Growth
96.28% below the market average96.28% below the market average96.28% below the market average96.28% below the market average96.28% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

Tandem Group Dividends

  Latest Previous
  Final Interim
Ex-Div 11-May-23 06-Oct-22
Paid 06-Jul-23 15-Nov-22
Amount 6.57p 3.43p

Trades for 24-May-2024

Time Volume / Share Price
16:21 17,226 @ 177.50p
15:46 350 @ 175.25p
11:47 350 @ 175.25p

Tandem Group Key Personnel

CEO Peter Kimberley

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