Brief: Tandem Group Sees FY23 Loss Before Tax In Line With Its Forecast

Tandem

01/02/2024 07:48

Feb 1 (Reuters) - Tandem Group PLC  TND.L :
    * TANDEM GROUP PLC: UNAUDITED GROUP REVENUE FOR FULL YEAR OF
£22.2M, 17% BEHIND PRIOR YEAR
    * TANDEM GROUP PLC: ECONOMIC ENVIRONMENT IN CONSUMER SECTOR
CONTINUED TO POSE CHALLENGES
    * TANDEM GROUP PLC: EXPECT LOSS BEFORE TAX FOR FY23 TO BE IN
LINE
WITH GUIDANCE PROVIDED BY COMPANY ON 13 DECEMBER
    * TANDEM GROUP PLC: GROUP IS TARGETING A 19% INCREASE IN
TURNOVER
FOR YEAR 2024 AT £26.5M
    * TANDEM GROUP PLC: DURING JANUARY 2024, WE HAVE SEEN
ENCOURAGING
INDICATORS FROM RETAILERS
    * TANDEM GROUP PLC: GROUP HAS NOW ENTERED INTO A NEW FIVE
YEAR
BANK FACILITY WITH HSBC, WHICH WILL REFINANCE AND REPLACE ALL
EXISTING LOANS
    * TANDEM GROUP PLC: WE ARE IMPLEMENTING STRATEGIC
IMPROVEMENTS,
PARTICULARLY WITHIN OUR WAREHOUSE OPERATIONS
    * TANDEM GROUP PLC: ARE ACTIVELY ENGAGED IN DISCUSSIONS TO
MAXIMISE SHORT-TERM UTILISATION OF OUR NEWLY CONSTRUCTED
WAREHOUSE

Source text for Eikon:  ID:nRSA6132Ba 
Further company coverage:  TND.L 

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