25th Mar 2024 15:01
Tandem Group PLC - Birmingham, England-based sports and leisure product retailer - Revenue in 2023 falls by 17% to GBP22.2 million from GBP26.7 million a year earlier. Swings to pretax loss of GBP1.2 million from a profit of GBP900,000. Says the results are in line with market expectations.
Looking ahead, Tandem says that sales for 2024 have begun in line with its own forecasts, marking a "promising" start to the years. Says this has been achieved "despite facing various challenges and uncertainties."
Current stock price: 208.00 pence, down 5.5% in London on Monday
12-month change: down 13%
By Sophie Rose, Alliance News senior reporter
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