News blog
Armour Group
- BY: Andrew Hore |
- POSTED: 14/04/2008 |
- COMMENTS: Add yours
Consumer electronics products and accessories supplier Armour reported interims in line with expectations.
The 6% rise revenues to £30.2m in the six months to February 2008 was organic. Two-thirds of revenues are generated by products for the home and the rest from the automotive market. Pre-tax profit improved from £2.36m to £2.58m. This was a decent performance given the weak market.
The performance was helped by higher exports of home entertainment products and accessories. The automotive side of the business has gained from the launch of the iO range of in-care Bluetooth music streaming and mobile phone hands free products. These are stocked in Carphone Warehouse and Halfords.
Chief executive George Dexter believes that the days of price deflation in the consumer electronics market are coming to an end. The Far East manufacturers have to put up prices in order to make money. That shouldn’t be a big problem for Armour. Retailers make more money from the accessories that Armour supplies than they do from the larger consumer electronic products. The accessories also tend to be less price sensitive.
House broker FinnCap forecasts an increase in full year profits from £4.5m to £4.9m. At 34p, Armour is valued at £23.3m. The shares are trading on less than seven times forecast full year profits.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 2.4mNumber of messages posted on SocialGo networks
- $38mCost savings generated by ideas from WalMart staff over a two month period
- 19.4m
Number of people passing through Johannesburg Airport in 2007
- News Blog
- All micro news
Sanderson Group
Enterprise software provider Sanderson Group is continuing to benefit from growth in multi-channel retailing.
Resources In Insurance Group
Claims management services provider Resources In Insurance Group has slashed its loss in 2011.
atUK
e-commerce services provider @UK has gained a four year national e-commerce framework agreement for all UK public bodies.
Hydrogen Group
Recruitment firm Hydrogen Group says that net fee income for the first four months of 2012 was higher than the same period last year.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|