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Tandem Group Information
Share Price Information for Tandem Group (TND)
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Share Price:
175.00
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Don't have an account? Click here to register.Tandem H1 profit jumps 21%
Wed, 21st Oct 2009 08:11
Bikes, toys and sporting goods distributor Tandem said half year pre-tax profit jumped 21.3% while revenue rose 5.2%.Revenue for the six months ended 31 July 2009 rose to £18,949,000 from £18,020,000 in the same period last year. Profit before tax increased to £547,000 from £451,000. No dividend is proposed."Trading conditions continue to be demanding and every effort is being made to maintain a level of profitability," it said.Revenue in its bicycles and accessories businesses rose 27.3% to £12,912,000 while operating profit was £284,000 compared with £605,000 in 2008. The profit reduced as a result of charges to cost of sales for the revaluation of foreign exchange contacts referred to below, Tandem explained."Although our unit selling prices increased it was not possible to recover the full impact of rising costs in Asia and the volatile dollar and as a consequence margins in the bicycle businesses were lower," it added.Tandem added that poor weather suppressed demand in the second half of the year. "The situation has since improved and we therefore expect to achieve a satisfactory result for our bicycles and accessories businesses for the full year."
More News
8 Oct 2015 10:21
Tandem to pay extra £0.3m after finalising ESC deal
(ShareCast News) - Sports leisure company Tandem Group said it has finalised the terms for the acquisition of Airwave, Windbar, Jack Stonehouse and Carpzone brands operator ESC. As result of the purchase, the London-listed group said it will have to pay a further £300,000 as initial consideration, h
Read more29 Sep 2015 10:14
2 Sep 2015 10:07
Tandem Group completes ESC deal
(ShareCast News) - Sports and leisure equipment maker Tandem Group has agreed a deal to acquire ESC, an online retailer of gazebos, party tents household kitchen and fishing products. The London-listed group will pay an initial £2.1m, with up to a further £750,000 to be paid over the next 12 months
Read more2 Sep 2015 06:49
14 Apr 2015 08:41
Tandem jumps as full-year profits ramp higher on mobility scooter acquisition
Bike maker Tandem Group, which owns the Claud Butler and Dawes bicycle brands, saw its shares jump on Tuesday after reporting a significant lift in its full-year pre-tax profits. Revenues were up 10.5% to £31.3m, while profits before tax jumped significantly to £1.7m from £16,000 the year before, dr
Read more17 Feb 2015 14:21
Tandem reports strong interim results driven by Disney licenses
Shares in Tandem jumped on Tuesday after it said its full year results were helped by an increase in Disney licenses in its portfolio. The Britain-based designer, developer and distributor of sports and leisure products group saw its like-for-like revenues rose 6% to £31.3m compared to last year, wh
Read more17 Feb 2015 08:13