UK's Tandem FY25 revenue rises on strong bicycle sales

Tandem

23/03/2026 07:13

Overview

UK sports, leisure & mobility equipment firm's FY25 revenue grew 6%, driven by bicycle sales

Net profit rebounded to £850k, with diluted EPS turning positive after prior-year loss

Company reinstated dividend and more than halved net debt during the period

Outlook

Company plans international launch of bicycle range in 2026 to drive incremental sales

Result Drivers

BICYCLE SALES - Revenue in the Bicycles division rose 37.5%, driven by strong growth in both electric and mechanical bikes, including new product launches and continued consumer demand

HOME & GARDEN DEMAND - Home & Garden revenue increased 30.1%, supported by record heatwaves and new product introductions across indoor and outdoor categories

TOYS, SPORTS & LEISURE WEAKNESS - Toys, Sports & Leisure revenue fell 17.5% due to softer demand in discretionary categories, changes in retailer purchasing, and timing of product promotions

Company press release: ID:nRSW5447Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY 
Operating profit before exceptional costs
GBP 968,000


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the recreational products peer group is "buy."

Wall Street's median 12-month price target for Tandem Group PLC is GBp350.00, about 109% above its March 20 closing price of GBp167.50

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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.)