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Sparks Team
20 May 2019 · 2 min read

Low & Bonar (LWB); reports strong trading in Q2 compared with Q1

Low & Bonar expects H1 performance to be materially behind that of the previous half year

Low & Bonar posted its trading update for the second quarter to 30 November 2019. The group’s rate of improvement was lower than expected due to continued weakness in a few of the group’s end markets and the slow recovery of customer confidence in the coated technical textiles (CTT) division. Net debt at mid-year is expected to be below £110m.

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Sparks Team
20 May 2019 · 2 min read

StatPro Group (SOG); secures three-year contract with top 20 Fund Administrator

This contract extension is for a minimum value of £2.44m

Statpro Group has secured a three-year contract with a top 20 Fund Administrator for its cloud-based platform, Revolution, with a minimum contract value of £2.44m. The Fund Administrator currently uses Revolution to provide services to over 30 clients for performance, attribution and risk services. This contract extension sees its renewed commitment to Revolution and future expansion of the services available on this platform, comprising fixed income risk and attribution.

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Sparks Team
17 May 2019 · 2 min read

Princess Private Equity (PEY); report total return of +5.6% for Q1 2019

Princess Private Equity announces an increased first interim dividend of EUR 0.29/share

The company published its interim report for the three-month period ended 31 March 2019. NAV increased to EUR 11.51/share, representing a total return of +5.6% for the first quarter. Valuation expansion of 6.5% was the key driver of NAV growth, according to the company.

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Sparks Team
17 May 2019

Jersey Electricity (JEL); revenue decreases 1% to £59.7m for H1 2019

ersey Electricity says it continues to focus on delivering secure low-carbon electricity supplies

Jersey Electricity posted its half-year results for the six months ended 31 March 2019, reporting PBT of £9.3m, £0.4m less than that of 2018 due to weak Energy profits with lower unit sales as the primary driver. Cost of sales at £36.7m were £0.8m lower than in 2018, mainly due to a fall in JEBS revenue. Operating expenses of £13.1m were £0.5m higher, driven by marginal increases in depreciation, maintenance costs and software licensing.

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Christian Breitsprecher
16 May 2019 · 2 min read

Sto (STO3); mild weather drove strong increase in revenues in Q119

The main driver of strong revenue growth was very mild weather in the first quarter of 2019

Sto, a German specialist for thermal insulation composite systems, issued its Q119 interim statement yesterday. Revenues reached €265.3m, up 19.7% year-on-year. The company indicated that losses in Q119 have been significantly smaller than in Q118.

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Christian Breitsprecher
16 May 2019 · 2 min read

STS (SF3); revenues and adj. EBITDA under pressure in Q119

Management confident to reach full year targets

Yesterday, STS, a supplier of soft and hard trim components primarily for the commercial vehicle and automotive industry, reported its Q119 results. Weaker demand from the automotive industry resulted in a 12.3% year-on-year decline in revenues and a 47% year-on-year decline in adjusted EBITDA.

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