HotViews Archive

Skip Navigation Links.
Collapse 2019 (38)2019 (38)
Collapse April (38)April (38)
A tale of two tech IPOs
22 Apr 2019
Setbacks
22 Apr 2019
Insurtech Cytora secures £25m Series B funding
18 Apr 2019
Credit Kudos secures £2.2m in funding
18 Apr 2019
'An Evening with TechMarketView' Early Bird ticket sales close in less than two weeks
18 Apr 2019
*NEW RESEARCH* BJSS: Putting relationships at its heart
18 Apr 2019
Funding Circle highlights strong revenue growth
18 Apr 2019
*UKHotViewsExtra* Agilisys triumphant at States of Guernsey
18 Apr 2019
Digital shipbroker Zencargo Raises $20m
18 Apr 2019
Mindtree hits $1 billion
18 Apr 2019
Innovation, efficiency, visibility - the benefits of a simplified data protection strategy
18 Apr 2019
*UKHotViewsExtra* Advanced boosts app mod potential with Modern Systems acquisition
17 Apr 2019
IBM’s Q1 marks third quarter of consecutive decline
17 Apr 2019
Breezy HR acquisition for LTG
17 Apr 2019
Universe overcomes setback to deliver
17 Apr 2019
Hack casts a cloud over Wipro results
17 Apr 2019
r8 raises $5m and plots an early IPO
17 Apr 2019
NETFLIX shares down as it faces increased competition
17 Apr 2019
DON'T MISS OUT ON THE SERIES A GROWTH CHALLENGE!
17 Apr 2019
Topping the global rankings for 'inward investment' is not such a 'good thing'
16 Apr 2019
New CEO at Unit4: Mike Ettling
16 Apr 2019
Medbelle secures $7m to expand healthcare services
16 Apr 2019
*UKHotViewsExtra* New Parity CEO, Bayfield, making his mark
16 Apr 2019
Telit grows revenue 14%, shrinks losses
16 Apr 2019
HR platform Howamigoing raises £1.1m
16 Apr 2019
NHS introduces new digital services
16 Apr 2019
Manx snaps up Synapse 360
16 Apr 2019
Kainos set to make it nine in a row
16 Apr 2019
Salesforce.com buying philanthropic reseller Salesforce.org
16 Apr 2019
Innovation, efficiency, visibility - the benefits of a simplified data protection strategy
16 Apr 2019
Quiet confidence from cautious Sanderson Group
15 Apr 2019
Crossword starts strong from small base
15 Apr 2019
Early Bird ticket sales close at the end of April - Don't miss out!
15 Apr 2019
Infosys finishes with a flourish
15 Apr 2019
TCS breaks through the $20bn a year mark
15 Apr 2019
NTT's itelligence expands SAP capabilities with Weaveability
15 Apr 2019
European technology sector M&A activity holds strong
15 Apr 2019
HAVE YOU RISEN TO THE SERIES A GROWTH CHALLENGE?
15 Apr 2019

UKHotViews©

 

Monday 15 April 2019

Quiet confidence from cautious Sanderson Group

logoRetail and manufacturing sectors are having a hard time of it, making confidence hard to find. But based on strong H1 momentum, a healthy order book and cash growth, cautious Sanderson Group who targets this sectors, is quietly confident of ongoing progress through the year.

That confidence is based on 16% revenue growth to £17m in H1 (to 31 March 2019) generating operating profit up 33% to £2.8m, according to the pre-close trading update, cash reserves growing and a healthy £8m sales order intake. The company moved to IFRS 15 on a modified retrospective basis in October 2018 (which means prior year comparatives have not been modified) however on a like for like basis (excluding the impact of IFRS 15), revenues still rose c.15% to £16.9m with operating profit up over 20% to £2.5m. The company had a tough time during 2017, made much progress in 2018 and the first part of 2019 is ahead of management expectations.

Once again the Digital Retail division was a growth driver with double digit revenue and operating profit growth. It benefitted from increased sales and marketing investment but the level of increase indicates retailers are prepared to invest to survive this difficult period. The Enterprise division was described as making “good progress”. Manufacturing saw sales order intake rise 10%, with the food & drink processing. sector performing particularly well. The supply chain logistics business which was strengthened by the Anisa acquisition of November 2017 started the year well and is expected to continue that way. The wholesale distribution market is showing interest in the suite of products Sanderson launched during 2018.

Further detail will be available when the full H1 results are released on 15 May when there may be further insight into how interest into the new offerings is being converted, but things are going well for Sanderson. Its progress demonstrates the merit of mid market software suppliers picking and sticking to a selection of vertical markets, and offering good value solutions. 

Posted by Angela Eager at '09:53' - Tagged: erp   software   tradingstatement  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2019: Unauthorised reproduction prohibited see full Terms and Conditions.