IN BRIEF: Tandem on track to meet forecasts but sales mixed
Tandem Group PLC - Birmingham, England-based developer of sports, leisure and mobility products - At Tuesday’s annual general meeting, Chair Steve Grant says Tandem remains on track to meet market expectations for the financial year ending December 31. At May 31, notes sales are ahead 15% year-on-year. Favourable weather provides a ‘welcome boost for our seasonally dependent products.’ But adds: ‘we continue to operate in what remains a challenging environment shaped by ongoing inflationary pressures, rising employment costs and fluctuating consumer confidence.’ Despite this, feels well positioned for the remainder of the current year and beyond. Toys, Sports, and Leisure division are currently tracking 6% behind the same period last year but Bikes division sales are up 52%. Golf sales are down 6% year-on-year but Home and Garden division sees sales increase of 14%.
Current stock price: 182.00 pence, up 4.0% in London on Tuesday
12-month changed: up 2.8%
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