22nd Nov 2024 12:23
FW Thorpe PLC - Worcestershire-based lighting systems firm - On Thursday says orders and revenue since end of last financial year, which concluded on June 30, are "modestly ahead" annually. Notes the "usual 'ebb and flow' across the group". "Thorlux has started the year positively, as has Zemper. The Dutch operations are struggling to replicate the fantastic performance of 2023/24 but are endeavouring to improve. TRT is demonstrating some positive signs of improvement with a renewed sales team and new product introductions but continues to trade below expectations," it adds. FW Thorpe expects half-year results to be marginally higher year-on-year. Pretax profit in the first half of financial 2024 totalled GBP10.7 million, on revenue of GBP82.6 million.
Current stock price: 307.57 pence, down 3.9% on Friday
12-month change: down 9.5%
By Eric Cunha, Alliance News news editor
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