Tandem Group (TND)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 350.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 665.00p
  • 52 Week Low: 320.00p
  • Currency: UK Pounds
  • Shares Issued: 5.29m
  • Volume: 2,375
  • Market Cap: £18.53m
  • 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.

Email this article to a friend

or share it with one of these popular networks:


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 350.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 665.00p
52 Week Low 320.00p
Volume 2,375
Shares Issued 5.29m
Market Cap £18.53m
RiskGrade 205

Tandem Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.14% above the market average75.14% above the market average75.14% above the market average75.14% above the market average75.14% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
47.26% below the market average47.26% below the market average47.26% below the market average47.26% below the market average47.26% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
54.04% above the market average54.04% above the market average54.04% above the market average54.04% above the market average54.04% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
46.49% above the market average46.49% above the market average46.49% above the market average46.49% above the market average46.49% above the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tandem Group Dividends

  Latest Previous
  Final Interim
Ex-Div 12-May-22 07-Oct-21
Paid 30-Jun-22 15-Nov-21
Amount 6.57p 3.43p

Trades for 23-May-2022

Time Volume / Share Price
08:46 1,000 @ 341.60p
08:43 1,250 @ 341.80p
08:05 125 @ 341.80p

Tandem Group Key Personnel

CEO Peter Kimberley

Top of Page