Mulberry MUL claims it is delivering on its strategy, in which case it should perhaps get a new one. Retail sales for the half year to the 30 September rose by 2% but on a like for like basis they fell by 1% with both UK and International retail sales sliding. Demand from London tourists was said to be strong but the UK as a whole was uncertain. The loss before tax at £0.5m. was almost identical to last years £0.6m. The long term objective is said to be to grow Mulberry as a luxury global brand. That is what most people always thought it was. The lack of growth and mundane performance cast doubts
Saga plc SAGA as soon as one sees that a company has been reduced to using those two dreaded words “impacted” and “headwinds” you know that there’s trouble at mill and Saga is no exception. With only between 1 and 2% growth in underlying profit before tax expected for the current year to 31st January 2018, the growth forecast for next year is that underlying profit before tax will be down by about 5% despite strong trading in travel which will be outweighed by challenging trading conditions in insurance broking and the collapse of Monarch Airlines.
Easy Hotel plc EZH The year to 30th September was a year of strong progress with a 39% rise in revenue and 48.3% in adjusted EBITDA. The costs of an expanding development programme or “pipeline” as those with a preference for jargon, would call it, resulted in a 21.1% drop in profit before tax and 50% in earnings per share. The dividend remains unchanged at0.33p per share.
Oxford Metrics OMG is delighted with its strong performance in the year to 30th September and the final dividend is to be increased by 20% to 1.2p per share after adjusted profit before tax came in ahead of market expectations following the planned investment in Yotta.. Like for like group revenue was up by 10% or 7% on a constant currency basis.
1PM PLC OPM updates that revenue for the half year to the 30th November will show a 73% rise and profit before tax will increase by 70%. The strong trading momentum has continued and is consistent with market expectations for the full year to the end of May.