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Pin to quick picksStrix Share News (KETL)

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TRADING UPDATES: Safestyle trading "strong"; Medica wins new clients

Thu, 22nd Jul 2021 18:08

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Safestyle UK PLC - Bradford, England-based PVCu double-glazed windows provider - Trades strongly through the first half of 2021 and continues to make good progress on its strategic agenda. Safestyle UK expects to report revenues of GBP72.9 million for the six months to July 4, an increase of 13% over the first half of 2019 and 73% over 2020. "Despite these current uncertainties, in light of our positive first-half revenue growth, margin improvement and current order book, the board expects 2021's full year financial performance to be ahead of current market expectations," says Chief Executive Mike Gallacher.

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Medica Group PLC - Hastings, England-based teleradiology services provider - Reports a positive first half of 2021, with the UK and Ireland performing strongly against a backdrop of a sustained recovery in activity in diagnostic services. "The recovery of elective scanning activity in health services is now well underway. Medica is seeing a sustained recovery in Elective scanning volumes as a result, as well as a sustained strong performance of our NightHawk business in the UK due to continued growth from existing customers, good progress with new client wins, and providing expanded services to existing clients," says CEO Stuart Quin.

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Hansard Global PLC - Isle of Man-based long-term savings provider - Says present value of new business premiums for the financial year ended June 30 was GBP173.0 million, up 8.3% from GBP159.8 million the year prior. Hansard notes that new business has continued to recover from the most severe Covid-19 restrictions in place last year as pent-up cash savings is being invested. Assets under administration continue to grow strongly and totalled GBP1.2 billion at June 30, up 14% year-on-year.

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Hargreaves Services PLC - engineering services company - Says its German joint venture, Hargreaves Raw Materials Services GmbH, reports a profit after tax of GBP13.6 million, much stronger than expected. Additionally, HRMS has secured a number of forward trading positions, which give great confidence that HRMS can continue to benefit from the very strong commodity market conditions throughout the first six months of the year ending May 2022. As a result, Hargreaves Services now expects its results for the year ending May 2022 to be materially ahead of market expectations.

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KRM22 PLC - risk management company - Further strengthens the quality of its annual recurring revenue in the six months to June 30, including the signing of GBP300,000 of new business. The company expects to post total revenue of GBP2.2 million versus GBP2.3 million reported for the first half of 2020. The reduction in total revenue reflects the churn experienced in 2020 however, adjusted loss before interest, taxes, depreciation and amortisation is broadly in line with last year despite the slightly lower revenue.

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Strix Group PLC - Isle of Man kettle safety controls supplier - Reports positive trends and momentum in the first half of 2021 and will deliver revenue growth of 50%, compared to the Covid-affected prior year, and remains confident that it will deliver revenue growth of 30% in 2021. The new manufacturing operations in China continue to make excellent progress and remain on target and budget to be fully operational by August as originally scheduled.

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Volution Group PLC - Crawley, England-based ventilation products supplier - Expects revenue for the financial year ending July 31 to be above GBP270 million, up over 20% on a constant currency basis. Revenue is up 15% year-on-two-years. UK revenue is expected to grow by over 20% compared to the prior year. Residential refurbishment has performed particularly strongly in the year, with upselling of low carbon and silent solutions increasing their share of this category. Revenue in Continental Europe is also expected to close the year over 20% ahead of prior year on a constant currency basis. Overall, Australasian revenues are expected to deliver excellent organic growth of 35% on a constant currency basis.

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dotDigital Group PLC - London-based marketing software company - Says revenue from operations in the financial year to June 30 grew by 23% to GBP58.1 million, with adjusted Ebitda and adjusted operating profit both expected to be comfortably ahead of market expectations. The company says it intends to pay a final dividend. "Whilst we remain vigilant to the varied wider economic context, we enter the new year with solid business foundations and are laser-focus on our three-pillared growth strategy," says CEO Milan Patel.

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Countryside Properties PLC - Brentwood, England-based housebuilding and urban regeneration company - Says total completions were up to 1,096 homes in the 13-week period to June 30 from 449 homes a year prior. Adjusted revenue rose to GBP287 million from GBP101 million year-on-year, and net reservation rate per open outlet per week was up 53% to 0.81 from 0.53. The company noted that it has no change to expectations for the full year.

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Tekmar Group PLC - Darlington, England-based engineering services company - Reports growth in the enquiry book to GBP320 million and a stable order book of GBP13 million, supported by GBP10 million of contracts in advanced negotiation. "The market outlook for the global offshore wind industry over the next decade provides a major opportunity for Tekmar to further strengthen our industry leading position in offshore wind. The growth opportunity we have ahead is significant. It is now about execution and the team are focused on delivering on the opportunity," says CEO Alasdair MacDonald.

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Breedon Group PLC - Breedon on the Hill, England-based construction materials company - Swings to profit of GBP46.2 million for the six months to the end of June from GBP10.1 million loss reported a year ago. Revenue, meanwhile, rises to GBP600.9 million from GBP335.3 million year-on-year. The company declares a dividend of 0.5p per share for the half-year, having paid none in the first half of 2020 and 2019. "The outlook for our end markets remains positive, with the UK and Irish governments committed to significant investment in infrastructure, combined with sustained structural demand for new build residential housing," says CEO Rob Wood.

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AfriTin Mining Ltd - Guernsey-based miner - Says total production for the year ended February 28 amounted to 473 tonnes of tin concentrate, up from 32 tonnes posted the year before. AfriTin reports first material revenue number of GBP5 million for the year from GBP69,000 the year ago. "With tin becoming a new technology metal and the demand for lithium and tantalum, we believe the economics of the historical operation have been transformed," notes CEO Anthony Viljoen.

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Rambler Metals & Mining PLC - London-based copper ores company - Reports 2,502 tonnes of concentrate containing 673 tonnes of saleable copper and 585 ounces of saleable gold produced in the three months to June 30, lower than 3,323 tonnes containing 876 tonnes and 562 ounces of saleable copper and gold, respectively, produced in the first quarter of 2021. Turning to operations, the company says delineation diamond drilling in the second quarter totalled 4,094 meters drilled in 14 holes, up from 1,991 meters drilled in 11 holes in the Lower Footwall zone in the first quarter.

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Ideagen PLC - information management software firm - Swings to pretax profit of GBP779,000 for the financial year ended April 30 from GBP134,000 loss posted the year earlier. Revenue, meanwhile, rises to GBP65.6 million from GBP56.6 million year-on-year. Ideagen ups total dividend by 16% to 0.37p per share for the year. Going forward, the company remains in an "excellent" position to pursue a healthy acquisition pipeline, with continued focus on organic growth.

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PensionBee Group PLC - London-based pensions services provider - Continues to implement its customer-focused strategy, achieving strong year-on-year growth in the first half of 2021. Invested customers increased by 81% to 92,000, while assets under administration increased to GBP2.0 million from GBP915 million year-on-year driven by strong net flows from new and existing customers. Annual run rate revenue increased to GBP12.3 million from GBP5.7 million in the first half of 2020. "We are excited about the vast growth opportunity ahead ," says CEO Romi Savova.

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ActiveOps PLC - Reading, England-based management software firm - Reports a narrowed pretax loss of GBP2.0 million in the financial year to March 31 versus GBP2.9 million loss posted the year earlier. This was due to a slight reduction in administrative expenses, as revenue remained unchanged year-on-year at GBP20.4 million. Going forward, the company says trading in the first quarter of the new financial year has progressed in line with expectations, demonstrating considerable improvements year-on-year when Covid-19 delayed implementations and sales.

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Franchise Brands PLC - Macclesfield, England-based franchise business - Says revenue increases by 18% to GBP28.6 million in the six months to June 30. Pretax profit, meanwhile, jumps to GBP2.6 million from GBP900,000 year-on-year. Franchise Brands declares an interim dividend of 0.60p per share for the half-year versus 0.30p paid the year prior. "We are confident that the full year performance will be ahead of current consensus market expectations," says Executive Chair Stephen Hemsley.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
18 Apr 2024 12:54

IN BRIEF: Strix CEO Mark Bartlett buys 68,000 shares

Strix Group PLC - Isle of Man-based maker of kettle safety controls and other water temperature management devices - Chief Executive Officer Mark Bartlett buys 68,385 shares at average 72.75 pence, worth GBP49,750, on Monday. Now has 2.7 million shares, a 1.3% stake.

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2 Apr 2024 12:26

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Mar 2024 14:39

EXTRA: Strix credits "acquisition of a lifetime" for revenue growth

(Alliance News) - Strix Group PLC on Wednesday said that the purchase of Billi Australia Pty Ltd has "delivered exactly as expected", leading the firm's annual revenue to skyrocket.

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27 Mar 2024 11:22

Strix posts growth in full-year revenue and operating profit

(Sharecast News) - Strix Group reported a 35.2% jump in revenue in its 2023 results on Wednesday, to £144.6m, accompanied by an increase in gross profit to £57.2m, up 37.7%.

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27 Mar 2024 09:03

LONDON MARKET OPEN: FTSE 100 slips as unease lingers before US data

(Alliance News) - Stock prices in London edged lower after the open on Wednesday, with some nervy trade ahead of a US inflation reading later in the week.

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27 Mar 2024 08:17

Strix says annual revenue boosted by Billi acquisition

(Alliance News) - Strix Group PLC on Wednesday said a recent acquisition helped boost its annual revenue, but it lowered its dividend as it aims to focus on debt reduction.

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20 Mar 2024 15:59

UK earnings, trading statements calendar - next 7 days

Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
Tuesday 26 March 
888 Holdings PLCFull Year Results
AG Barr PLCFull Year Results
Airea PLCFull Year Results
Bellway PLCHalf Year Results
CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
GetBusy PLCFull Year Results
Good Energy Group PLCFull Year Results
Inspired PLCFull Year Results
John Wood Group PLCFull Year Results
Life Science REIT PLCFull Year Results
Luceco PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
NIOX Group PLCFull Year Results
Ocado Group PLCTrading Statement
Petershill Partners PLCFull Year Results
Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
Softcat PLCHalf Year Results
Time Finance PLCTrading Statement
TruFin PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
Xaar PLCFull Year Results
YouGov PLCHalf Year Results
Wednesday 27 March 
Artisanal Spirits Co PLCFull Year Results
BioPharma Credit PLCFull Year Results
Carnival PLCQ1 Results
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Endeavour Mining PLCFull Year Results
Gelion PLCHalf Year Results
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Pharos Energy PLCFull Year Results
S4 Capital PLCFull Year Results
Strix Group PLCFull Year Results
Vanquis Banking Group PLCFull Year Results
Vinanz LtdFull Year Results
Windward LtdFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Jan 2024 20:21

TRADING UPDATES: Treatt revenue falls; Secure Trust profit picks up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
25 Jan 2024 15:37

Strix describes challenging year, appoints new finance chief

(Sharecast News) - Kettle safety and water technology company Strix Group said in a full-year trading update on Thursday that, despite facing persistent challenges stemming from the global economic and geopolitical landscape, it recorded adjusted profit after tax of £20.6m on a constant currency basis, and £20.1m on a reported basis for the full year.

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27 Oct 2023 21:11

EXECUTIVE CHANGES: Anglesey Mining chair ousted, Strix CFO to retire

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and Friday and not separately reported by Alliance News:

Read more
27 Oct 2023 08:37

Strix Group CFO to retire

(Sharecast News) - Kettle safety controls group Strix Group said on Friday that chief financial officer Raudres Wong plans to step down, as it announced an agreed relaxation of its leverage covenant ratio.

Read more
21 Sep 2023 14:28

EXTRA: Strix CEO "extremely positive" about Billi acquisition

(Alliance News) - Strix Group PLC shares plunged on Thursday as the firm announced a reduction to its half-year dividend and said demand has fallen in its key markets, but its CEO said recent months have seen "a gradual improvement."

Read more
21 Sep 2023 11:38

Shares in Strix slump on disappointing interim numbers

(Sharecast News) - Shares in Strix Group plunged on Thursday, after the Aim-listed firm reported a slide in half-year profits.

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21 Sep 2023 11:23

Strix shares plummet as profit drops despite Billi boosting revenue

(Alliance News) - Strix Group PLC on Wednesday said its pretax profit fell by over 40% in its latest half year and reduced its interim dividend, but announced new and optimistic medium-term goals.

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21 Sep 2023 10:49

AIM WINNERS & LOSERS: Vela and Cizzle up as Conduit takes NY listing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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