Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Curry's PLC (CURY)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Curry's PLC (CURY)

#207335

Postby daveh » March 13th, 2019, 8:14 am

Were naughty boys and girls between the end of 2008 and 2015 and have been fined £29.1m by the FCA
http://www.investegate.co.uk/article.as ... 6662S&fe=1

The FCA has concluded an investigation into Geek Squad mobile phone insurance selling processes at The Carphone Warehouse Ltd that took place between December 2008 and June 2015 and has identified key areas where, in that period, the FCA has determined that the company did not meet expected standards. In concluding the investigation, the FCA has imposed a fine of £29.1m on the company, inclusive of the discount applied on early settlement.


As previously disclosed, the Group took certain provisions as a charge to non-headline profits at its interims on 12 December 2018 and these were also included within the exceptional cashflow guidance given for FY19/20 at the time. As a consequence, there is no impact from today's announcement to the Group's guidance given at its trading update on 22 January.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#230920

Postby daveh » June 20th, 2019, 9:10 am

Dixons Carphone released their full year results today. I've started discussion on the HYP board here:

viewtopic.php?f=15&t=18187


Not well received, down 16% to 102 last I looked, the dividend cut announced in the interims continued in the finals so full year dividend of 6.75p (17/18 11.25p). Dividend to be held next year. Mobile business to be loss making next year (but cash generative!).

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#249565

Postby daveh » September 5th, 2019, 1:13 pm

1st qtr trading update:
http://www.investegate.co.uk/article.as ... 2689L&fe=1

· UK & Ireland electricals like-for-like revenue +2%
o Strong performance in white goods, tablets and gaming; offset by small declines in large screen TVs against World Cup comparatives
o Market share gains in-store and online

· International like-for-like revenue +4%, Nordics +4%, Greece +7%
o Share gains across all markets, most significantly in Finland and Sweden
o Online growth strong, particularly in Nordics, aided by enhanced Click & Collect proposition

· UK & Ireland mobile like-for-like revenue -10%
o In line with plan in what continues to be a challenging traditional postpay market
o Progressing on business consolidation and new customer proposition

· Continued progress against strategic initiatives
o Credit: Further acceleration in customer Credit adoption
o Online: Growth in Electricals +14%. On track to grow UK range by 5,000 SKUs this year
o Easy: Continued improvement in customer satisfaction
o Services: Good early traction on new protection services

· All guidance for the year remains unchanged1



Results overall don't look that bad, but it seems that Dixons might have been better off without carphone warehouse as the mobile phone business still seems to be suffering.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Curry's PLC (CURY)

#270582

Postby idpickering » December 12th, 2019, 1:06 pm

H1 2019/20 Interim Results

Here; https://www.investegate.co.uk/dixons-ca ... 00135924W/

Also on HYP Practical for HYPer chat.

Ian.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#278876

Postby daveh » January 21st, 2020, 8:24 am

Trading statement can be found here:

https://www.investegate.co.uk/dixons-ca ... 00063795A/

UK & Ireland Electricals like-for-like revenue +2%
o Broad based growth with strength in TVs, Gaming, Smart Tech and Small Domestic Appliances
o Accelerating market share gains in-store and online, against market down over -3%
o Online growth +7%
o Margin investment in improved customer proposition and unambiguous price promise
· International like-for-like revenue +3%; Nordics +3%, Greece +6%
o Good growth in Domestic Appliances and Kitchens
o Growing market leading position in Nordics, Norway and Finland particularly strong
o International online growth +5%
o Margin supported as customer club members drove better in-store sales
· UK & Ireland Mobile like-for-like revenue -9%
o Performance in line with expectations
· Strategic initiatives progressing well
o Online / Multichannel: UK&I online-in-store sales +140%. Nordics click & collect +22%
o Credit: UK&I Electricals credit penetration up >3%pts, transactions on credit +40% yoy
o Services: Increased adoption of set-up and protection services
o Mobile: On track to launch new mobile offer in H1 2020/21
· On track to meet targets - no change to financial guidance given at Interim results

Breelander
Lemon Quarter
Posts: 4178
Joined: November 4th, 2016, 9:42 pm
Has thanked: 999 times
Been thanked: 1855 times

Re: Curry's PLC (CURY)

#278999

Postby Breelander » January 21st, 2020, 5:34 pm

You really cannot make this stuff up!

Due to a clerical error, the previous version of the announcement showed Group Reported sales growth as "2%", the correct growth is now shown as "-2%"
https://www.investegate.co.uk/dixons-ca ... 40514853A/

SlickMongoose
Lemon Pip
Posts: 65
Joined: July 2nd, 2018, 7:38 pm
Has thanked: 8 times
Been thanked: 22 times

Re: Curry's PLC (CURY)

#279071

Postby SlickMongoose » January 21st, 2020, 11:25 pm

Breelander wrote:You really cannot make this stuff up!

Due to a clerical error, the previous version of the announcement showed Group Reported sales growth as "2%", the correct growth is now shown as "-2%"
https://www.investegate.co.uk/dixons-ca ... 40514853A/


Well that's embarrasing. Does nobody proofread their announcements?

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#304015

Postby daveh » April 29th, 2020, 8:12 am

Covid 19 update and ditching of final dividend:
https://www.investegate.co.uk/dixons-ca ... 00042336L/

Dixons Carphone issues the following update prior to entering the close period for its full year results for the 53 weeks to 2 May 2020, which are scheduled to be announced on 25 June 2020.
· Group focused on three priorities:
o Keeping our colleagues and customers safe
o Helping our customers
o Securing our future
· Sales strong in all open channels as we provide vital products during the crisis
o UK&I online accelerated further, recovering around two-thirds of lost store sales
o Nordics trading strong across stores and online

· Year-end net debt expected to be around £300m
· Additional £266m RCF secured, resulting in over £1bn of unutilised committed facilities at year end
· The Board has decided not to pay a full year dividend

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Curry's PLC (CURY)

#326235

Postby idpickering » July 15th, 2020, 7:23 am

Final Results 2019/20

Good progress on strategy, robust performance in Electricals despite Covid-19

· Group adjusted* profit before tax fell to £166m (2018/19: £339m) due to Mobile performance and Covid-19 closures

· Group statutory loss before tax of £140m (2018/19: loss of £259m) reflecting UK Mobile store closure costs

· UK & Ireland Electricals revenue +1% (LFL* +1%), adjusted EBIT £162m, -10% year on year (Statutory EBIT £119m)


https://www.investegate.co.uk/dixons-ca ... 00070112T/

bluedonkey
Lemon Quarter
Posts: 1790
Joined: November 13th, 2016, 3:41 pm
Has thanked: 1393 times
Been thanked: 652 times

Re: Curry's PLC (CURY)

#326287

Postby bluedonkey » July 15th, 2020, 11:16 am

Another share I wish I'd never bought.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Curry's PLC (CURY)

#326353

Postby idpickering » July 15th, 2020, 2:49 pm

bluedonkey wrote:Another share I wish I'd never bought.


I dropped DSGI many years ago. I only have SBRY in the retail sector, but wish I’d gone foe TSCO instead. :)

Ian.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#339379

Postby daveh » September 10th, 2020, 9:29 am

AGM trading statement:
https://www.investegate.co.uk/dixons-ca ... 00035429Y/

Strong sales in all markets with outstanding online performance

· UK & Ireland Electricals like-for-like revenue +12%

o Online sales more than tripled year-on-year while stores were closed, and have continued at more than double last year's sales since stores reopened

o Online market share gains every month and overall share gains since stores reopened

o Sales down c.90% in Dixons Travel stores which mostly remain closed, impacting UK & Ireland Electricals like-for-like and total sales by c.5%

o Strong online sales and loss of higher margin Travel sales have, as expected, lowered gross margin during the period

· International like-for-like revenue +16%, Nordics +17%, Greece +12%

o Nordic online sales +49%, Greek online sales +115%

o Stores open throughout period with in-store sales growing each month

o Grew market share in Nordics and Greece

o Gross margin down slightly given shift to online

· UK & Ireland Mobile total revenue -56%

o Sales and cashflow in line with our plans following closure of UK standalone stores

· The Group is in a net cash position - which is a substantial improvement on this time last year - and has continued access to over £1.3bn of available committed debt facilities

· Exploring listing a minority stake of our Nordics business



Looks like the Dixons/Currys bit of the business is doing really well and the carphone wharehouse bit of the business remains a major drag on performance.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#366681

Postby daveh » December 16th, 2020, 10:42 am

Interims can be found here:
https://www.investegate.co.uk/dixons-ca ... 00047755I/

I've also posted on the HYP board here:

viewtopic.php?f=15&t=26812

Results look good for the Dixons/Currys bit, but the phone business is dire.

No Interim dividend, and no commentary on the dividend to speak of. The lack of commentary suggests to me we will not see a resumption of dividends this year.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#378784

Postby daveh » January 20th, 2021, 8:57 am

Trading Statement:
https://www.investegate.co.uk/dixons-ca ... 00042376M/

Trading Update for 10 weeks ended 9 January 2021

Continued strong online momentum despite Covid impact

· Electricals like-for-like revenue +11%

o Highest growth in large screen TVs, smart tech, food preparation, health & beauty and all areas of computing & gaming

· UK & Ireland Electricals like-for-like revenue +8%

o Online growth +121%

o Online market share +6%pts

· International like-for-like revenue +14%: Nordics +19%, Greece (13)%

o Nordic online sales +97%, Greece online sales +366%

o Nordics: Double-digit growth and strong market share gains

o Greece: Performance impacted by national lockdown

· UK & Ireland Mobile total revenue down (40)%

o Sales and cashflow in line with plan given UK standalone Carphone Warehouse store closures last April

· Transformation progress:

o Omnichannel : Group Electricals online sales +118%. ShopLive 24/7 live video shopping growing strongly

o Credit : UK Electricals credit customers grew to 1.4m

o Services : Nordic Customer Club grew to over 4.9m members and 50% of Black Friday week sales

o Mobile : Restructuring on track, new mobile offer to launch this year

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#407723

Postby daveh » April 28th, 2021, 3:55 pm

Trading update:

https://www.investegate.co.uk/dixons-ca ... 00047878W/

Seems a decent trading update with improved revenue, but reduced profit due to covid and closure of the Dixons travel shops due to Brexit/Covid. Market doesn't like it down 5% from when I last updated HPTUSS a couple of days ago and down 6% today.

Trading update

Since January, trading has remained strong. Group Electricals sales growth continued the positive performance seen over the Peak trading period, despite the extended closure of most stores in UK&I and increased restrictions on trading in the Nordics.

Like-for-like revenue growth

25 weeks to 24 April 51 Weeks to 24 April

UK & Ireland Electricals +11% +13%

International +14% +16%

- Nordics +15% +17%

- Greece +7% +9%

Group Electricals +12% +14%
[/pre]

Very strong online growth has continued in all markets with Group Electricals online sales more than doubling to over £4.5bn for the year.

Given the strong financial position, the Group has reimbursed all government support for the £73m of furlough paid to UK&I colleagues during the year.

After the cost of repaying government support, we expect full year adjusted PBT to be broadly in line with current consensus of £151m*.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#423651

Postby daveh » June 30th, 2021, 9:23 am

Annual report here:
https://www.investegate.co.uk/dixons-ca ... 00035538D/

Key Highlights

· Strong trading in all markets; market share gains in all open channels

· Electricals online sales growth +103% to £4.7bn

· Significant acceleration in omnichannel transformation

· Strong cash flow generation driving return to net cash balance sheet

· Repaid governments £73m of furlough paid to UK & Ireland colleagues during the year and £144m VAT deferral

· Restarting dividend; full year dividend of 3.0p proposed

Financial Performance

· Electricals LFL +14%, despite UK, Ireland, Norway, Denmark and Greece stores being shut for substantial periods

· Group total revenue +2% as LFL growth offset by impact of high street store closures in Mobile

· Group adjusted profit before tax £156m (2019/20: £116m)

· Group statutory profit before tax of £33m (2019/20: loss of £(140)m)

· Free cash flow £438m (2019/20: £109m) aided by acceleration of Mobile network debtor cash

· Year-end net cash1 £169m (2019/20: net debt £(204)m)

Transformation progress accelerated following Covid-19 disruption

· Omnichannel: ShopLive launched and scaling up, order & collect and online-in-store sales growing fast

· Credit: UK Electricals active credit customers 1.4m, +20% year-on-year

· Services: Nordics Customer Club grown to over 5.4m members, equivalent to >40% of Nordic households

· Mobile: Improved contract agreed with Vodafone and with Three for our MVNO, iD Mobile



They have resumed the dividend though they don't say when it will be paid or give the ex or record dates either in the report or on the website (when checked at ~9am)

Also posted on HYP-P

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#512523

Postby daveh » July 7th, 2022, 4:04 pm

The heading needs changing to Currys (CURY)

But they have announced full year results here:
https://www.investegate.co.uk/currys-pl ... 00086001R/

Key Highlights

· Strong operational and financial performance; adjusted EBIT margins improved to 2.7% (2020/21: 2.5%)

· Record highs in colleague engagement and customer satisfaction

· Group store sales up +24% (UK&I +61%), higher than expected as customers rediscovered the benefits of stores

· International: Generated 46% of sales and 59% of adjusted profits; entered new market with two stores in Cyprus

· UK&I: Returned to market share growth; sustainable in-year cost savings of £69m

· Repaired over 1.7m pieces of tech during the year

· Ended year with good availability and prudent stock levels

Financial Performance

· Group LFL (3)% (Yo2Y +10%); Revenue (2)% (Yo2Y flat)

· Group adjusted PBT £186m included a level of unexpected network debtor revaluations and settlements (2020/21: £156m)

· Group Profit before tax £126m (2020/21: £33m)

· Free cash flow £72m inc £(88)m working capital outflow (2020/21: £438m inc £454m working capital inflow)

· Year-end net cash £44m (2020/21: £169m) with average net cash £290m, compared to average borrowings of over £350m two years ago

· IAS 19 Pension liability reduced to £(257)m (2020/21: £(482)m)

· £78m returned to shareholders in dividends and buybacks, proposed final dividend of 2.15p to take full year dividend to 3.15p, +5% YoY and remainder of buyback to be executed

All figures are year-on-year unless stated. There are a number of non-GAAP measures and alternative profit measures "APMs" discussed within this announcement. Adjusted results are consistent with how business performance is measured internally and presented to aid comparability of performance. Refer to the glossary and definitions section set out at the end of this report for further details on definition, purpose, and reconciliation to nearest statutory measure.


and the dividend is:

Operating cash flow increased +7% as reductions in exceptional cash costs more than offset increased capital expenditure. Towards the end of the year the business invested in working capital to secure supply of stock and lock in good prices, resulting in a temporary working capital outflow and a year-end net cash position of £44m, below previous guidance of greater than £100m. On reported measures, cash generated from operations decreased (43)% to £524m, a +7% improvement excluding working capital. Total average indebtedness was £(1,260)m for the year, almost half of the level of two years ago.

The robust cash flow and balance sheet allowed the business to return £78m to shareholders during the year in dividends and share buybacks. We are proposing a full year dividend of 2.15p, taking the total dividend for 2021/22 to 3.15p and will complete the remainder of the previously announced £75m buyback.


and

The Board has proposed a final dividend of 2.15p per ordinary share for the year ended 30 April 2022. The dividend will be paid on 16 September 2022 to shareholders registered at the close of business on 5 August 2022. The ex-dividend date will be 4 August.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#554882

Postby daveh » December 15th, 2022, 8:43 am

The heading still needs changing to Curry's PLC (CURY)

Interim results:

UK&I performance strengthens again, International impacted by temporary market disruption

We Help Everyone Enjoy Amazing Technology

Key Highlights

● UK&I profit growth as gross margin improvements and cost savings offset sales decline

● International profits down significantly due to actions taken in face of competitors' heavy discounting

● Cost savings: UK&I programme well on track for £300m saving target, International offsetting inflationary pressures

● Tech market still larger than pre-pandemic (UK +14% Yo3Y, Nordics +15% Yo3Y)

● Online share of business stable, highlighting strength of omnichannel model following pandemic disruption

● UK&I Credit adoption of 17%, +460bps YoY and well ahead of 16% target for 2023/24

Financial Performance
1

● Group LFL (8)% (Yo3Y +7%); Revenue (7)% (Yo3Y (6)%)

● Group adjusted loss before tax £(17)m, down £(62)m YoY due to lower International profits

● Group statutory loss before tax £(548)m driven by non-cash goodwill impairment of £(511)m

● Period-end net debt £(105)m with significant liquidity headroom given total revolving credit facilities of £676m

● Pension deficit decreased slightly to £(251)m (30 April 2022: £(257)m, 30 Oct 2021: £(416)m) despite market volatility

● Interim dividend of 1.00p declared (flat YoY).

Current Year Guidance: Reflecting the strength of the UK&I business and the disruption to our International markets, we now expect full year PBT to be between £100-125m, with cash generation in the second half.

Alex Baldock, Group Chief Executive

"Currys UK&I performance continues to strengthen, and is showing real momentum, reflecting good progress in our transformation. International, however, has had a tough period, and faces short-term but intense pressures from a disrupted market.

In the UK&I, our profits are up, from increased gross margins and strong cost discipline. We're bucking the trend with world-class and increased colleague engagement. Our customers are happier too, and are more likely than ever to recommend us. We are making more of our winning Omnichannel model and are building more Customers for Life with strong Services growth.

Our International business, which has consistently delivered growth in sales and profits over many years, has had a difficult first half with margins sharply down. Lower demand has left domestic competitors with excess stock, which they're now heavily discounting. This has substantially disrupted the market, and required margin investment to keep our sales strong. We expect these pressures, intense though they are, to be temporary - demand will normalise, excess stock will wash through, and competitors will find unprofitable aggression hard to sustain. We've also stepped up our self-help actions on margins and cost.

Of course, our customers are feeling real cost of living pressure and our job is to help them get hold of the technology that's more essential to their lives than ever. We're doing that, through our price promise, giving customers access to responsible credit, and offering more products that save them money through lower energy costs. Our Go Greener range is flying off the shelves.

It's a tough environment, and we are planning for that to continue. Still, we expect to maintain the trajectory of improving UK&I profitability and a robust recovery in International profits. Our ever-improving customer experience and strong Services give us confidence in improving margins. And we will continue our excellent progress on cost efficiency.

We have a strong balance sheet and a strategy that's working. By focusing on the things we can control, while doing everything we can to support our colleagues and customers, we'll ride out the current turbulence and emerge an even stronger business well-set for long-term success."



and

The Board has declared an Interim dividend of 1.00p per ordinary share for the half year to 29 October 2022. The dividend will be paid on 27 January 2023 to shareholders registered at the close of business on 30 December 2022. The ex-dividend date will be 29 December.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Currys Plc (CURY)

#562596

Postby daveh » January 19th, 2023, 10:45 am

Currys Plc trading update (missed it yesterday)
https://www.investegate.co.uk/currys-pl ... 00040390N/

Trading Update for 10 weeks ended 7 January 2023 ("Peak")

UK&I performance continues to strengthen, compensating for weak International

We Help Everyone Enjoy Amazing Technology

· UK & Ireland Peak like-for-like revenue (5)%; Yo3Y (4)% 1

o Better than forecast profits delivered through gross margin increases and continued cost savings

o Sales strong in domestic appliances and mobile, offset by weaker consumer electronics and computing

o Customers making most of omnichannel offer with stores outperforming online

o Healthy growth in all Services, driving growth in margins and Customers for Life:

o Record credit adoption of 18.2%, +4.3%pt YoY, with 1.9m active credit customers

o Installation, protection and recycling Services adoption all growing

o iD Mobile subscribers grew +9% YoY to 1.24m

· International Peak like-for-like revenue (7)%; Yo3Y +6%

o Profits below forecast due to Nordics market-driven sales slowdown and continued pressure on gross margin

o Channel mix stable, with new ship-from-store initiative strengthening omnichannel offering

o Sales declined in all categories except small appliances

o Customers for Life growing:

o Nordic credit adoption +350bps YoY

o Nordic customer club membership +12% YoY to 7.4m members

Current Year Guidance unchanged: The continued strengthening of the UK&I business means we remain confident of delivering adjusted PBT between £100-125m, despite the further deterioration we have seen in our International business.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Curry's PLC (CURY)

#589060

Postby daveh » May 15th, 2023, 8:59 am

Trading Statement:
https://www.investegate.co.uk/announcement/7526039
Trading update for year ending 29 April 2023

Stronger UK&I business drives better than expected results
We Help Everyone Enjoy Amazing Technology

Currys plc, a leading omnichannel retailer of technology products and services, today issues the following trading update for the year ending 29 April 2023.



· Group full year adjusted PBT expected to be £110-120m (previously guided to around £104m)

· Group year-end net debt around £(100)m (previously guided to £(100-150)m)

· Fixed charge cover covenant on revolving credit facility amended, providing increased financial resilience


· UK & Ireland full year adjusted EBIT expected to increase >40% YoY

o UK&I trading has been better than expectations, especially in the final two months of the year

o Improved profits driven by continued gross margin improvements and management focus on cost efficiencies

o In-year benefit from non-repeating mobile debtor revaluation has been higher than prior year and forecast



· International full year adjusted EBIT expected to be materially lower than last year driven by Nordics

o Nordics trading environment remains challenging, but under new management we have made progress on margins and costs

o Structural changes underway to remove at least £25m of annual costs , the one-off cash costs associated with these actions will be £15-20m

o Another year of robust performance from our market leading business in Greece



· Balance sheet further improved

o Strong finish to year means year-end net debt is around £(100)m (previously guided to £(100-150)m)

o Full year average net debt was also around £(100)m

o Supportive lending group has agreed to amend the fixed charge cover covenant in respect of its c.£500m revolving credit facility to 1.5x (from 1.75x) for the measurement periods from 28 October 2023 to 26 October 2024

o Group closing stock position is down (10)% YoY


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: fisher and 17 guests