Sparks commentary

Industrials

Sparks

Lords Group Trading (AIM: LORD) – Disappointing 2024 but more optimistic outlook
Published by Andy Murphy

Lords Group Trading’s FY24 revenue declined 5.6% to £436.7m driven down by weak market demand in Merchanting and particularly in P&H where boiler volumes fell by over 10%. Despite action on costs and investment in growth initiatives, adjusted operating profit declined 37% to £10.4m, which led to a decline in earnings and a corresponding reduction in the full year dividend. However, Q125 trends in both Plumbing and Heating and Merchanting have started well with Q1 revenue up 22% and 11% respectively and, therefore, management’s expectations for FY25 are unchanged.

Latest

Industrials | Comment

THEON INTERNATIONAL (AMS: THEON) – additional order intake

Healthcare | Comment

Cereno Scientific (STO: CRNO-B) enters the FN25 Index

Industrials | Comment

AAC Clyde Space (OTCQX: AAC) share issue raising SEK64.5m

Industrials | Comment

Hercules (AIM: HERC) acquire Advantage NRG for up to £15.7m

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free