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: 72
  • Market Cap: £9.71m
  • RiskGrade: 205

Tandem warns on FY profits, shares slide

By Iain Gilbert

Date: Wednesday 13 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Sports equipment company Tandem Group warned on Wednesday that full-year profits were set to come in well behind expectations as a result of weak toy and garden products sales.
Tandem said full-year revenues were now expected to be between £22.0m and £23.0m, with the higher end of this range being subject to expected freight-on-board orders being shipped in December.

As a result, pre-tax losses were seen at £900,000 to £1.3m, with this range again being dependent on the timing of its expected FOB orders.

"The economic environment in the consumer sector continues to pose significant challenges, reflecting the broader issues faced by many UK businesses and in the closing months of the year, the domestic sales market has proven to be more challenging than had previously been anticipated, with the impact of suppressed consumer spending further complicating the landscape," cautioned Tandem.

Tandem stated declining trends in toy and FOB sales persisted for the remainder of the year, significantly affecting overall profit levels, while its home and garden division also continued to face "notable challenges" throughout 2023, largely attributed to adverse weather conditions that starkly contrasted with the more favourable climate experienced in 2022.

As of 1045 GMT, Tandem shares had sunk 20% to 114.0p.







Reporting by Iain Gilbert at Sharecast.com

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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 72
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
19.42% below the market average19.42% below the market average19.42% below the market average19.42% below the market average19.42% 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
21.86% below the market average21.86% below the market average21.86% below the market average21.86% below the market average21.86% 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 29-May-2024

Time Volume / Share Price
14:56 40 @ 175.31p
08:04 32 @ 175.31p

Tandem Group Key Personnel

CEO Peter Kimberley

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