Interim Report 30[th] March 2020 to 28 June 2020
FRIDAY, 28th AUGUST, 14:00 CET
APRIL to JUNE 2020
Following the UK governments lockdown of retail businesses SB Holdco plc recommenced operations on the 1st June with all Showrooms open from 1st July. The business is now operating normally. As a result, only 4 weeks of revenue were recognised in the quarter.
- Net sales amounted to £7.3 million
- EBITDA before special items amounted to £49k down 99.2% on the same quarter last year
- Operating loss amounted to £861k
- Loss before tax amounted to £2,600k
- Cash and cash equivalents at the end of the period were £19,361k
Q3 revenues were 73.8% down on the same quarter last year entirely due to the temporary closure of the business as a result of the COVID 19 pandemic. Despite this the business made £49k EBITDA in the quarter. Under the circumstance management consider this to be a very strong result.
The Company’s cash and liquidity position remain very strong with closing cash at £19,361k.
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 28, 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