Interim Report 30[th] December 2019 to 29 March 2020
FRIDAY, 29th MAY, 14:00 CET
JANUARY to MARCH 2020
- Net sales amounted to £28.3 million
- EBITDA before special items amounted to £5,421k up 32.2% on the same quarter last year
- Operating profit amounted to £3,881k
- Profit before tax amounted to £854k
- Cash and cash equivalents at the end of the period were £21,965k
Q2 revenues were 4.5% ahead of the same quarter last year despite the negative impact on the closure of the business on 24th March, one week before the end of the quarter. Continued rigorous cost control, reduction in media spend due to the COVID 19 crisis coupled with improved turnover led to a 32.2% increase in EBITDA.
Management intends to recommence operations from the 1st June
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 May 29, 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