Tandem Group plc (GB:TND) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tandem Group plc, a company specializing in sports, leisure, and mobility equipment, has shown resilience amidst a challenging economic climate by maintaining stable revenue and improving gross profits to £2.8 million, up from £2.5 million in the previous year. The Group has effectively managed inventory and costs, resulting in an increased gross margin to 28.8% and a reduced adjusted EBITDA loss. Despite a slight increase in net debt, Tandem Group is optimistic about future growth, driven by new product launches, strategic cost efficiencies, and improved sales in July and August.
For further insights into GB:TND stock, check out TipRanks’ Stock Analysis page.