Update: Stalling in Germany
SpaceandPeople (SAL) has published its interim results ahead of schedule alongside a further trading update, indicating that full-year results will be below the level indicated in April. The shortfall is principally in Germany, where operating leverage has amplified the negative effect of lower revenues. Overheads have been addressed and the lower costs should help drive margin recovery in FY15. With little capital requirement, SAL should still end 2014 with around £1m of net cash. Management is indicating a reduced dividend of 2p in respect of FY14. Share price recovery depends on delivery against these reduced expectations.SpaceandPeople is engaged in the marketing and selling of promotional and retail licensing space on behalf of shopping centres and other venues throughout the U.K. and Germany and also in India. Co.'s segments include promotional sales and retail, and other. Through its subsidiaries, Co. is involved in licensing of intellectual property, media, and leasing of retail merchandising units.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.