HY2021 Results
- Overview
- HY21 Results
- Strategy
- Our Sustainability
- Forward View & Summary
Chief Executive Officer | Group Finance Director |
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• | Record H1 revenue of £43.1m up 35% on | • | Continued strong own online growth with 15% |
2020 and 24% over 2019; like-for-like sales | constant currency growth over 2020 combined | ||
in constant currency up 7% against 2019 | with +900bps gross margin improvement | ||
• | H1 Profitable: £1.5m headline PBT significantly • | Group remains confident of achieving FY21 | |
ahead of 2020 and pre-Covid 2019. | market expectations* despite significant supply | ||
• Strong balance sheet; remain net cash positive | chain disruption and inflation | ||
despite increased capital investment
- Expect continued growth in second half and into FY22
• Expect to resume dividend payments for FY21 * Current consensus market expectations for 2021 : revenue £90.0 million and PBT of £6.4 million.
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HY2021 | HY2020 | HY2019 | 21 v 20 | 21 v 19 | |
£m | £m | £m | Change | Change | |
Revenue | 43.1 | 32.0 | 34.9 | 35% | 24% |
Headline* | |||||
profit/(loss) | 1.5 | (2.7) | 0.5 | 4.2 | 1.0 |
before tax | |||||
Headline* | |||||
operating profit | 4.0% | -6.9% | 1.9% | 10.9% | 2.1% |
margin | |||||
Headline* EPS | 9.12p | -20.71p | 3.96p | 29.83p | 5.16p |
Dividends | 0.00p | 0.00p | 8.00p | 0.00p | -8.00p |
Net cash/(debt) | 0.1 | 1.1 | (5.8) | -1.0 | 5.9 |
*Headline numbers exclude exceptional items.
- Record H1 revenue up 35% (up 24% on 2019)
- Strong trading performance against backdrop of Covid-19 disruption to sales markets and supply chains
- Profit ahead of 2019 performance and in line with expectations
- Positive operating cash flows
- Dividend payments to resume for FY21
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