(Alliance News) - Lords Group Trading PLC on Wednesday said it expected overall revenue growth boosted by increasing demand for its Plumbing & Heating division, while it eyes a decline in revenue from Merchanting. Read More
Lords Group Trading PLC - London-based building materials distributor - Chief Financial Officer & Chief Operating Officer Chris Day decides to leave the company to take up another opportunity. Following Day's recent transition to a partially operational role within the group, says a formal process to identify and appoint a new CFO has already begun and is now at an advanced stage. Day remains a director and will leave the group sometime in the first half of 2024, following the publication of Lords' 2023 results. Non-Executive Chair Gary O'Brien says: "Chris has made a significant contribution to Lords as a highly valued colleague and board member over the last seven years, during which time the group has delivered significant growth and diversification. He will be leaving Lords in [the first half of] 2024 with the thanks of the board and his colleagues for his contribution to the group. The board is well advanced in an active recruitment process to identify a successor to Chris and the intention is for the new CFO to be in place as soon as possible to ensure a smooth transition for the business." Says further announcements will be made "as appropriate, in due course". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Lords Group Trading PLC's shares fell on Thursday despite reporting record revenue, as it warned of slower demand in its key end markets. Read More
(Alliance News) - Lords Group Trading PLC on Friday announced its acquisition of Alloway Holdings Ltd for GBP2.3 million, and said it expects the timber merchant to become earnings accretive next year. Read More
Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Says "resilient" trading performance since May 3 has continued as it backs expectations for 2023, expecting it to be in line with market expectations. Analyst revenue consensus for 2023 amounts to GBP473.9 million, up 5.3% from GBP450.0 million in 2022. Adjusted pretax profit is expected at GBP17.9 million, 2.9% higher than GBP17.4 million a year prior. Says it continues to expand its geographical presence and product range. Read More
Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Says Chief Executive Officer Shanker Patel and "his related entities" purchase total of 538,461 shares at 65 pence each, GBP350,000 in total. Lords notes 384,615 purchased by a pension fund controlled by Patel. Another 153,846 purchased from pension fund controlled by Rachna Patel, a close associate of Lords Group's CEO. Says Patel now interested in 53.8 million shares, a stake of just under 33%. In addition, company notes Non-Executive Director Andrew Harrison and associates buy total of 230,770 shares for 65p in total, GBP150,000 in total. Read More
Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Posts revenue of GBP450.0 million in 2022, up 24% from GBP363.3 million in 2021. Pretax profit rises by 45% to GBP28.6 million from GBP19.7 million, as adjusted pretax profit increases by 42% to GBP17.4 million from GBP12.2 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation improve by 34% to GBP450.0 million from GBP363.3 million. Declares a final dividend of 1.33 pence per share, up from 1.26p a year prior. This brings the total dividend for the year to 2.0 pence per share, up 5.8% from 1.89p the year prior. Read More
(Alliance News) - Lords Group Trading PLC on Thursday said it has completed the refinancing of its exiting GBP70 million lending facilities. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Expects revenue and adjusted pretax profit for 2022 to be no less than GBP450 million and GBP16.0 million respectively, both ahead of current market expectations. Lords said these are GBP436.7 million for revenue and GBP15.7 million for adjusted pretax profit. In 2021, revenue was GBP363 million and adjusted pretax profit was GBP10.2 million. Earnings before interest, tax, depreciation and amortisation is expected to reach no less than GBP28.3 million, beating market view of GBP26.5 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Lords Group Trading PLC on Tuesday reported double-digit rises in both interim profit and revenue in line with expectations, as it lifted its dividend by 6.3%. Read More