News blog

Sanderson Group

  • BY: Andrew Hore |
  • POSTED: 15/10/2008 |

Deferral or withdrawal of retail software projects hit Sanderson Group’s revenues and profits last year.

Management says that revenues will be 52% higher at around £27.5m in the year to September 2008, against £32m forecast, while profits will be £3m compared with a forecast of £3.9m.At least all the £3m has been converted into cash. Net debt has fallen below £11m.

The shares have already fallen sharply in recent months and they fell a further 1.5p to 24.5p each, which values Sanderson at £10.6m.

Manufacturing sector revenues were in line with expectations, as were those from the multi-channel retail sector. Sanderson still gets 50% of its revenues from recurring software and services.

The full year figures will be published in November.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds