UK's Ultimate Products plunges to more than 4-year low on slump in new orders

Ultimate Products

03/02/2025 09:05

** Ultimate Products  ULTP.L  plummets as much as 28.5% to
72.12p, lowest since July 2020
    ** Stock among top pct losers across London
    ** Owner of homeware brands such as Salter and Beldray says
group's H2 order book slipped from 24% at the start of fiscal
2025 to 13% now
    ** Says pace of new orders hurt by current challenging
trading conditions faced by some of group's retail customers
    ** Sees group's revenue for the year ending July 31 to be
broadly flat vs previous fiscal
    ** ULTP gained 40% in 2024

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))