Interim Report 29[th] March 2021 to 27[th] June 2021
TUESDAY, 31st AUGUST, 14:00 CET
APRIL to JUNE 2021
- Net sales amounted to £29.0 million
- EBITDA before special items amounted to £8,658k an increase of £8,609k on the same quarter last year
- Operating profit amounted to £7,241k
- Profit before tax amounted to £6,052k
- Cash and cash equivalents at the end of the period were £41,581k
The Q3 results are incomparable to the same quarter in the prior year when the business had ceased operating for 9 weeks due to the U.K. lockdown as a result of COVID 19.
Management is extremely pleased with the performance both in terms of revenue generated and EBITDA. EBITDA has benefited from a reduction in media spend whilst management continue to tightly control other costs.
The Company’s cash and liquidity position remain very strong with closing cash at £41,581k up £5,008k in the quarter.
The Company has notified all Bondholders of its’ intention to redeem early all of the outstanding Bonds with the redemption date of the 2nd September 2021.
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 August 31, 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