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Tandem Group PLC Ord 25P (TND)

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22-Sep-2020 07:47 AM

Tandem doubles dividend as demand for bikes jumps during pandemic

Sports, leisure and mobility equipment retailer Tandem posted a rise in first-half profit and doubled its dividend as demand for bicycles jumped during the pandemic. Pre-tax profit for the six months through June increased to £1.41m, up £0.37
28-Aug-2020 07:13 AM

Tandem expects to post higher first-half profit on margin improvement

Sports equipment developer Tandem said it expected to post a higher first-half profit as wider margins offset a fall in sales. In a trading update for the six months through June, the company said it had experienced strong demand for bicycles and outdoor
28-May-2020 09:47 AM

Tandem sees revenue 77% ahead of prior year on higher bicycle sales but national retailer orders lag

Sports and mobility equipment distributor Tandem has reported higher bicycle sales, with year-to-date revenue 77% ahead of the prior year, as the impact of COVID-19 on trading was 'mixed'. In a trading update, the company said its forward order
26-Mar-2020 09:15 AM

Tandem revenue boosted by brand licences as group announces special dividend

Tandem's revenue increased by nearly 20% in 2019, driven by its LOL Surprise! licence, reaching £38,837,00 in the year to 31 December 2019. Revenue in the first half of the year increased by approximately 27% as a result of solid performances
10-Feb-2020 08:53 AM

Tandem warns of slow start to 2020, coronavirus impact as chairman stands down

Sports and mobility equipment distributor Tandem said it expected its annual pre-tax profit to be 'well ahead' on-year after it grew revenue by a fifth. The company, however, also warned of a slow start to the current year, described the corona
10-Apr-2019 09:17 AM

Tandem profits flat after poor weather hits sales

Bicycle retailer Tandem Group posted a flat annual profit after sales were hurt by unseasonal weather and the demise of retailer Toys R Us Pre-tax profit for the year through December fell to £1.87m, down from £1.89m on-year. Revenue fell
04-Mar-2019 09:27 AM

Tandem sees 'moderate' fall in profit after second-half revenue improvement

Sports equipment supplier Tandem Group said it expected to report only a 'marginal' fall in annual pre-tax profit after its sales improved in the second half. Revenue for the year through December was expected to fall by around 12% to £32
28-Jun-2018 09:54 AM

Tandem first half revenue falls 30% year-on-year

Ahead of its AGM sports and leisure products designer Tandem announced a disappointing first half with revenue down 30% year-on-year. At 9:54am: (LON:TND) Tandem Group PLC share price was -30p at 115p Story provided by
11-Apr-2018 08:36 AM

Tandem Group profit doubles despite revenue slip

Tandem Group said it doubled its annual profit after it kept a lid on expenses amid a downturn in revenue. Pre-tax profit rose to £1.8m, up from £0.9m in 2016, as revenue fell 4% to £36.8m following a restructuring of the group's b
01-Mar-2018 09:39 AM

Tandem Group reports tough start to 2018

Tandem Group, designers, developers, distributors and retailers of sports, leisure and mobility equipment, saw a 4% reduction in turnover to £36.8 million in the year ended 31 December 2017. Net profit is expected to be significantly ahead of the p
12-Apr-2017 09:26 AM

Tandem Group's FY pretax profit slips lower

Tandem Group has booked a FY pretax profit of £914,000, which was down from a profit of £1.04m a year earlier. Revenue was ahead at £38.4m, from £34.4m. Total dividend for 2016 was 3.9p a share, up from 3.75p a year earlier.
07-Mar-2017 09:24 AM

Tandem sees FY revenue, underlying op. profit ahead

Tandem Group has issued an overall upbeat trading statement and was confident that, despite a degree of macro-economic uncertainty, it would show increased profitability in 2017. Revenue for the year ended Dec. 31, 2016, was at £38.4m, was about 12
08-Oct-2015 07:18 AM

Tandem gives ESC (Europe) Ltd acquisition update

Tandem Group said completion accounts for the acquisition of E.S.C. (Europe) Ltd have been finalised. The completion accounts show that ESC's net assets were £1.8m on 1 September 2015. For the 10 month period ended 1 September 2015, turnover was £
23-Jun-2015 07:34 AM

Tandem cautiously optimistic for rest of FY

Tandem Group said it is cautiously optimistic about the outlook for the remainder of the year. There continues to be strong potential in its licensed, direct to consumer and corporate bicycles businesses, however the independent cycle businesses remain un
17-Feb-2015 07:33 AM

Tandem's revenue for first 6 weeks of 2015 ahead

Tandem Group said revenue for the first six weeks of 2015 was ahead of last year with a particularly strong start for the Sports, Leisure and Toys businesses. Bicycles, Bicycle Accessories and Mobility revenues were slightly down on a like for like bas
04-Aug-2014 02:16 PM

Tandem acquires Pro Rider Mobility

Tandem Group, designers, developers and distributors of sports and leisure equipment, has acquired 100% of the share capital of mobility and leisure products business, Pro Rider Mobility. The initial consideration for the acquisition is £2.5m to be paid
10-Jun-2014 07:59 AM

Tandem revenue up

Tandem Group chairman Mervyn Keene will tell the company's AGM today that revenue for the 22 weeks to May 31 was about 26% ahead of the comparative period last year. "We reported on 4 April 2014 that revenue from our bicycles and accessories bu
04-Apr-2014 07:29 AM

Tandem Group FY pretax profit slumps to £16,000

Tandem Group's FY pretax profit slumped to £16,000, from £0.77m. Revenue was £28.35m, from £28.95m. It recorded £0.8m of finance costs, from £0.2m. Exceptional costs were £0.14m, from nil. "Although the first half of the year was disappo
04-Apr-2014 07:25 AM

Tandem profits up

Tandem Group said revenue for the year to end-December 2013 reduced by 2% to £28,347,000 compared to £28,952,000 in the year to end- December 2012. Profit before taxation and non-underlying items improved from £768,000 for the year ended 31 December 2
20-Sep-2013 07:52 AM

Tandem Group slips to a half year loss

Group revenue at Tandem Group reduced from £14,372,000 in the six months to 30 June 2012 to £11,251,000 in the six months to 30 June 2013. The gross profit percentage remained broadly consistent with previous periods. Overheads were reduced by 9.2%
20-Sep-2013 07:36 AM

Poor weather during the period impacts Tandem performance

Cycle and sports group Tandem said revenue reduced to £11.251m in the six months to end-June, down from £14.372m in the prior year period. The gross profit percentage remained broadly consistent with previous periods. Overheads were reduced by 9.2% to
04-Jun-2013 11:06 AM

Difficult market conditions for Tandem Group

Tandem Group has reported that while its position has improved during April and May, market conditions remain difficult. Chairman, Mervyn Keene, said at today's AGM: "In our bicycles and accessories businesses our independent dealers reported
28-Mar-2013 08:11 AM

Minera FY pretax profit nearly halved, revenue down

Latin America gold-mining company Minera IRL almost halved its full-year pretax profit to $8.5 million, from $16.1 million, as production at its flagship mine in Peru slipped lower. Sales revenue totalled $46.0 million, from $53.0 million. During the ye
28-Mar-2013 08:06 AM

Tandem Group FY pretax profit edges up

Tandem Resources' full-year pretax profit rose to £0.83 million, from £0.82 million, in the face of a challenging economic environment. Revenue for the period was £28.9 million, from £29.0 million. The company would pay a total dividend for the
06-Feb-2013 07:52 AM

Tandem Group sees FY revenue at about £29m

Sports and leisure equipment company Tandem Group said it expects to book full-year revenue of about £2 million, with year-on-year growth in its profit. Looking ahead, the company said that despite a challenging retail climate, "we remain cautiousl
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