UK's SpaceandPeople H1 revenue steady, posts operating loss
UK's SpaceandPeople H1 revenue steady, posts operating loss
Overview
UK retail and brand experience specialist's H1 2026 revenue was broadly flat yr/yr
Gross profit declined due to lower UK revenue and higher German debt provision costs
Company posted operating loss but net cash increased after investment in new IT systems
Outlook
SpaceandPeople expects FY26 results in line with management expectations
Company anticipates growth in H2 2026 and into 2027 from product innovation and new venues
Company expects 2026 to be its most profitable year since 2017
Result Drivers
UK REVENUE DECLINE - Co attributed lower UK revenue to absence of one-off Brand Experience events and reduced tobacco replacement product promotions
GERMAN DEBT COSTS - Higher debt provision costs in Germany due to customer payment defaults offset revenue gains
NEW VENUE WINS - New exclusive venue wins in Germany and UK offset loss of exclusivity at some shopping centres
Company press release: ID:nRSb4524Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 3.66 mln |
|
H1 Net Loss |
| GBP 109,000 |
|
H1 EBIT |
| -GBP 96,000 |
|
H1 Gross Profit |
| GBP 2.88 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Spaceandpeople PLC is GBp310.00, about 125.5% above its September 25 closing price of GBp137.50
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)