Interim Report 1st October to 30th December 2018
THURSDAY, 28th FEB, 14:00 CET
OCTOBER TO DECEMBER 2018
- Net sales amounted to £23.7 million
- EBITBA before special items amounted to £826k up 2% on the same quarter last year.
- Operating profit amounted to £435k
- Loss before tax amounted to £(948)k
- Cash and cash equivalents at the end of the period were £4.9 million
Q1 revenues were slightly ahead of the same quarter last year despite the negative impact on consumer sentiment in the face of ongoing Brexit uncertainty. Continued rigorous cost control coupled with improved turnover led to a 2% increase in EBITDA.
SB Holdco issued €45 million of bonds on 13th July 2018 which were listed on the Frankfurt Stock Exchange. These will also be listed on Nasdaq Stockholm within the next four months.
This information is such information that SB Holdco Plc is required to publish pursuant to the EU Market Abuse Regulation (MAR). The information was provided by the contact person below for publication on February 28th March, at 14:00 CET.
For more information, please contact
Michael Galliford, Finance Director
Tel: +44(0)1276 802000
About SB Holdco Plc Group:
SB Holdco plc was established on 27th June 2018 and the Sharps Bilston Group was acquired on 13th July 2018. Sharps Bilston Limited is the direct parent company of Sharps Bedroom Limited, the UK's largest retailer of bespoke bedroom furniture. The principal activity of the Group is the marketing, design, manufacture and installation of quality, fully-fitted home improvement products such as bedrooms and home office.