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Smallbone

  • BY: Andrew Hore |
  • POSTED: 06/09/2007 |

Upmarket fitted kitchens manufacturer Smallbone swung from loss to profit in the first half of 2007.

Turnover grew 16% to £26.6m while a loss of £51,000 was turned into a profit of £206,000. The additional turnover helped to improve gross margins and the Paris Ceramics business returned to profit. 

Smallbone and Mark Wilkinson brands continue to open more branches in the UK and there is scope for many more. There is also enormous potential for Smallbone in the US, where it has two showrooms with one more on the way. There are 21 showrooms in the UK with a target of 30 by the end of 2009.

Smallbone is looking for other home-related businesses to buy but prices have tended to be too high.

Smallbone is paying a maiden interim dividend of 0.6p a share. It paid a final of 1p a share for 2006.

Smallbone’s figures are second half weighted and it already has a strong order book for the second half and beyond. Landsbanki forecasts a rise in full year profits from £1m to £2.6m on turnover rising from £47.7m to £57.5m. 

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