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Next Online Surges

Next plc NXT  appears to find it amazing that  profits for the year to January 2019 are exactly in line with the guidance which the company gave in er… January 2019. There would have been something strange, most people would have thought, had they been different. As with most  senior executives they must also claim that the year was challenging because without that they can not claim how well they have done. The online business did do well, increasing full price sales by 14.8% but only at the continuing expense of retail sales which fell by 7.3%. The final ordinary dividend was raised by 4.4% to 110p per share. the High Street looks set to remain challenging but the Online business will continues to save the day by increasing its contribution to sales and profits of the Group.   For the year ahead  Earnings Per Share are expected to grow by +3.6%.

Halma Group plc HLMA updates that it has made good progress from the period since the 1st October to date. Widespread revenue growth has been seen geographically, with the USA and the UK showing the strongest growth.  Mainland Europe and Asia Pacific have been more moderate.

Renishaw plc RSW as announced in the half year results on the 31st January, Renishaw experienced a slow down in demand in Asia for its encoder products and from large end-user manufacturers of consumer electronic products.There has been no improvement since then and based on recent order trends and customer feedback, the company now expects these conditions to continue through the remainder of this financial year. Rest assured though that despite this early warning the Board remains confident in the future prospects of the Group.

Safestyle UK plc SFE Found 2018 challenging  with significant business disruption caused by an aggressive new market entrant but by the year end on the 31st December., the company had achieved a substantial recovery. Phase two of the recovery plan which is well underway, involves returning the Group to profitability. An encouraging start has been made to 2019 and the Group expects to return to profitability in 2019 as well as generating positive cashflow.

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