Character Group plc CCT Claims that despite substantial all round declines it continued to trade well as far as its leading in house ranges were concerned and the addition of exciting new ranges. These figures it adds, show great strength and depth, such as revenue dropping from £61.5m. to £50.5m., basic earnings per share down from 27.3p to 16.9p unless you include significant items where the drop was even greater, down from 25.18p to 2.07p. EBITDA collapsed to £2.07m. from from £7.9m. Then it admits what already stands out a mile, namely that trading was lower than in the previous year but unbelievably, showed great strength and depth. In fact, such great strength and depth that the board decided it needed to keep the shareholders onside and did so by upping the interim dividend from 9p to 11p per share. Blame is then laid fairly and squarely not on management but on what it describes as unspecified sector disruption and upheaval.
boohoo.com BOO 2018 was a year of great progress with revenue for the year to 28th February rising by 97% and profit before tax by 40%. Strong gains were made across all “geographies” with the UK showing a 95% rise and international, 99%. The number of active customers during the year rose by 22%. A strong start has been made to trading in the first few week of the new financial year and trading for 2019 is now expected to show a 35-40% rise.
Crawshaw Group CRAW blames everything and everybody except management and the board for its disappointing performance in the year to the 28th January. It managed to transform a statutory loss before tax of £1.4m int a much greater loss of £13.5m, after a rise of 1% in revenue. And believe it or not this is all due to the high street performance being impacted by so called “consumer headwinds” ( oh, not again) and inflationary pressures. And that is not the end of the sad story. Trading in the first 12 weeks of the new financial year has been challenging, in particular. poor weather and continued high street pressures. So there you have it, a list of excuses which is weaker than the trading performance. And this is the company which is focused on becoming Britain;’ leading value butcher. Not surprisingly it is seeking to appoint a new management team. Any takers?
Water Intelligence WATR Strong first quarter growth saw sales rise by 40% and profit before tax by 50%. Parts and equipment sales rose by some 20%. The Executive Chairman claims that the company is just at the beginning of its upward journey and that increasing sales have provided a good start to the year.