Interim Report 29[th] June 2020 to 27 September 2020
MONDAY, 30th NOVEMBER, 14:00 CET
JULY to SEPTEMBER 2020
- Net sales amounted to £27.0 million
- EBITDA before special items amounted to £9,382k up 55.6% on the same quarter last year
- Operating profit amounted to £8,029k
- Profit before tax amounted to £6,650k
- Cash and cash equivalents at the end of the period were £25,258k
Q4 revenues were broadly flat when compared to the same quarter last year. Despite the ongoing disruption to the UK economy caused by the COVID 19 pandemic the business made £9,382k EBITDA in the quarter largely due to reductions in media spend. Management is very pleased with the extremely strong result under very challenging circumstances.
The Company’s cash and liquidity position remain very strong with closing cash at £25,258k up £12,222k on the previous year.
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 November 30, at 14:00 CET.
For more information, please contact
Michael Galliford, Chief Financial Officer
Tel: +44(0)1276 802000
mike.galliford@sbholdco.co.uk
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.
www.SBHoldco.co.uk