Shares in Auto trader surged this morning in the wake of full year results and underlining that there are still some publishing models that can be profitable. The FTSE-100 company notes that it has a 75% market share when it comes to the total time consumers invest in reviewing car classified ads, whilst group revenues added 14% and operating profits rose by an impressive 26%. A robust used car market has also been seen as supportive and shares are up 12% in early trade, testing fresh all time highs.
The recently IPO’d manufacturer of a low sodium salt substitute may have had a great start to life on public markets but today’s release of full year results has proved rather more challenging. Revenues are flat year on year but losses are mounting as the company ramps up its R&D and marketing spend. The share price still sits more than 80% up from its debut price but is 35% off last week’s all time highs. Shares were down as much as 15% in early trade although by 9am losses had abated to around 10%.
AIM-listed data modelling company TPXImpact also had a good start to the day with shares around 20% higher in early trade. That’s off the back of a trading update which saw guidance for FY25 and FY26 being confirmed. Both revenue growth and margin improvements are set to be realised, whilst management also note that the timing of the general election is welcome as it will remove uncertainty from the second half of the year.
Headlines we expect on Friday
JD Sports Fashion Final Results
This time last year Revenue £10,125m, Gross profit 47.8%, Cash at period end £1,469m
