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, which includes £1.4m in revenues from its recent acquisition Pro Rider.Some of the Disney licenses include the Disney Princess and Cars, Avengers and the new Star Wars movies. The group also secured other licenses such as The Clangers, Teletubbies, Thunderbirds and World of Warriors.Its bicycles and mobility division reported revenues and profits ahead of last year despite "intense competition" due to heavy discounting.Revenues in the sports, leisure and toys division rose 16% driven by a "very strong year" for One Direction and Peppa Pig.However, Tamdem warned it is "mindful of the recent movements in the US dollar which have the potential to increase buying prices."We continue to mitigate this risk where possible by the use of various foreign exchange derivative contracts," it added.The firm said the revenues for the first weeks of 2015 were ahead of last year, driven by good performance in its sports, leisure and toys businesses, but its bicycles, bicycle accessories and mobility revenues were slightly down on a like for like basis.Shares were up 12.09% to 119.38p on Tuesday at 13:45.