3 Companies Rising on Good News for Wednesday 26th April 2023
Episode 1366, Apr 26, 2023, 10:55 AM
3 Companies Rising on Good News for Wednesday 26th April 2023
1. Persimmon #PSN - Q1 Trading Statement
Dean Finch, Group Chief Executive, commented:
Our performance in the first quarter was as we expected and reflects the challenging trading conditions in Q4 2022 and consequent lower forward order book as we entered the year.
Trading over recent weeks has offered some signs of encouragement with visitor numbers up, cancellation levels normalising and sales rates continuing the steady improvement evident since the start of the year. If sales rates continue at the levels seen year to date, we would expect full year 2023 volumes to be toward the top end of the previously indicated range of 8,000 to 9,000 completions.
1. Persimmon #PSN - Q1 Trading Statement
Dean Finch, Group Chief Executive, commented:
Our performance in the first quarter was as we expected and reflects the challenging trading conditions in Q4 2022 and consequent lower forward order book as we entered the year.
Trading over recent weeks has offered some signs of encouragement with visitor numbers up, cancellation levels normalising and sales rates continuing the steady improvement evident since the start of the year. If sales rates continue at the levels seen year to date, we would expect full year 2023 volumes to be toward the top end of the previously indicated range of 8,000 to 9,000 completions.
2. Image Scan Holdings #IGE - Interim Results
Financial summary:
·Order intake increased by 81% to £1,858k (H1 2022: £1,029k)
· Revenue was 85% higher at £1,459k (H1 2022: £790k)
· Profit before taxation of £16k (H1 2022: loss of £345k)
· Period end bank balance was £1,003k (H1 2022: £777k)
Financial summary:
·Order intake increased by 81% to £1,858k (H1 2022: £1,029k)
· Revenue was 85% higher at £1,459k (H1 2022: £790k)
· Profit before taxation of £16k (H1 2022: loss of £345k)
· Period end bank balance was £1,003k (H1 2022: £777k)
3. Trifast #TRI - Trading update
Highlights
Q4 FY23 performance enabled delivery of short-term profit and cash objectives:
Adjusted profit before tax marginally ahead of the February 2023 guidance;
Inventory decrease in line with expectations; and Net debt (before IFRS16) reduced to £38m, within both facility headroom and covenant levels.
Growth momentum sustained through the final quarter, contributing to record level of contract wins for the year (£25.6m)
More resilient business entering FY24 and expect increasing benefits from commercial and cost initiatives
Highlights
Q4 FY23 performance enabled delivery of short-term profit and cash objectives:
Adjusted profit before tax marginally ahead of the February 2023 guidance;
Inventory decrease in line with expectations; and Net debt (before IFRS16) reduced to £38m, within both facility headroom and covenant levels.
Growth momentum sustained through the final quarter, contributing to record level of contract wins for the year (£25.6m)
More resilient business entering FY24 and expect increasing benefits from commercial and cost initiatives