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Tandem Group PLC Ord 25P (TND)

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23-Jun-2022 10:29 AM

Tandem shares drop as customer demand falls amid challenging trading

Tandem Group PLC on Thursday reported ‘challenging’ trading in the 24 weeks to June 2022 as sales and demand across its divisions fell. Shares in Tandem were down 16% at 251.00 pence on Thursday morning in London. The Solihu
19-May-2022 06:07 PM

IN BRIEF: Tandem appoints former Pure Electric head Kimberley as CEO

Tandem Group PLC - Solihull, England-based sports product distributor - Appoints Peter Kimberley as chief executive officer with immediate effect, replacing Jim Shears after two years in the role. Kimberley first joined Tandem as non-executive
27-Apr-2022 12:11 PM

IN BRIEF: Tandem shares dive as CEO Jim Shears to resign in May

Tandem Group PLC - Solihull, England-based sports product distributor - Shares slump as company announces that its Chief Executive Officer Jim Shears will leave on May 6. Shears joined company as group financial controller in 2002. He became finance di
28-Mar-2022 11:58 AM

IN BRIEF: Tandem falls as current trading drops behind previous year

Tandem Group PLC - Solihull, England-based sports product distributor - Increases pretax profit by 18% in 2021 to £4.7 million from £4.0 million. Revenue rises 10% to £40.9 million from £37.1 million. Company says that the year was
02-Jun-2021 07:23 AM

Tandem profit improves as sales rise 24%; bike supply issues pressure margins

Bicycle and other leisure equipment retailer Tandem said its profits had risen 'considerably' in the year to date amid a jump in sales. The company, however, said pressure on stock availability, higher freight rates and bicycle supply constrain
09-Feb-2021 08:06 AM

Tandem to post "materially higher" profit on margin strength

Bicycle and leisure equipment retailer Tandem said it expected to post a 'materially higher' annual profit after its margins were boosted by increased enthusiasm for cycling during the pandemic. Revenue for the year through December was around
22-Sep-2020 07:47 AM

Tandem doubles dividend as demand for bikes jumps during pandemic

Sports, leisure and mobility equipment retailer Tandem posted a rise in first-half profit and doubled its dividend as demand for bicycles jumped during the pandemic. Pre-tax profit for the six months through June increased to £1.41m, up £0.37
28-Aug-2020 07:13 AM

Tandem expects to post higher first-half profit on margin improvement

Sports equipment developer Tandem said it expected to post a higher first-half profit as wider margins offset a fall in sales. In a trading update for the six months through June, the company said it had experienced strong demand for bicycles and outdoor
28-May-2020 09:47 AM

Tandem sees revenue 77% ahead of prior year on higher bicycle sales but national retailer orders lag

Sports and mobility equipment distributor Tandem has reported higher bicycle sales, with year-to-date revenue 77% ahead of the prior year, as the impact of COVID-19 on trading was 'mixed'. In a trading update, the company said its forward order
26-Mar-2020 09:15 AM

Tandem revenue boosted by brand licences as group announces special dividend

Tandem's revenue increased by nearly 20% in 2019, driven by its LOL Surprise! licence, reaching £38,837,00 in the year to 31 December 2019. Revenue in the first half of the year increased by approximately 27% as a result of solid performances
10-Feb-2020 08:53 AM

Tandem warns of slow start to 2020, coronavirus impact as chairman stands down

Sports and mobility equipment distributor Tandem said it expected its annual pre-tax profit to be 'well ahead' on-year after it grew revenue by a fifth. The company, however, also warned of a slow start to the current year, described the corona
10-Apr-2019 09:17 AM

Tandem profits flat after poor weather hits sales

Bicycle retailer Tandem Group posted a flat annual profit after sales were hurt by unseasonal weather and the demise of retailer Toys R Us Pre-tax profit for the year through December fell to £1.87m, down from £1.89m on-year. Revenue fell
04-Mar-2019 09:27 AM

Tandem sees 'moderate' fall in profit after second-half revenue improvement

Sports equipment supplier Tandem Group said it expected to report only a 'marginal' fall in annual pre-tax profit after its sales improved in the second half. Revenue for the year through December was expected to fall by around 12% to £32
28-Jun-2018 09:54 AM

Tandem first half revenue falls 30% year-on-year

Ahead of its AGM sports and leisure products designer Tandem announced a disappointing first half with revenue down 30% year-on-year. At 9:54am: (LON:TND) Tandem Group PLC share price was -30p at 115p Story provided by
11-Apr-2018 08:36 AM

Tandem Group profit doubles despite revenue slip

Tandem Group said it doubled its annual profit after it kept a lid on expenses amid a downturn in revenue. Pre-tax profit rose to £1.8m, up from £0.9m in 2016, as revenue fell 4% to £36.8m following a restructuring of the group's b
01-Mar-2018 09:39 AM

Tandem Group reports tough start to 2018

Tandem Group, designers, developers, distributors and retailers of sports, leisure and mobility equipment, saw a 4% reduction in turnover to £36.8 million in the year ended 31 December 2017. Net profit is expected to be significantly ahead of the p
12-Apr-2017 09:26 AM

Tandem Group's FY pretax profit slips lower

Tandem Group has booked a FY pretax profit of £914,000, which was down from a profit of £1.04m a year earlier. Revenue was ahead at £38.4m, from £34.4m. Total dividend for 2016 was 3.9p a share, up from 3.75p a year earlier.
07-Mar-2017 09:24 AM

Tandem sees FY revenue, underlying op. profit ahead

Tandem Group has issued an overall upbeat trading statement and was confident that, despite a degree of macro-economic uncertainty, it would show increased profitability in 2017. Revenue for the year ended Dec. 31, 2016, was at £38.4m, was about 12
08-Oct-2015 07:18 AM

Tandem gives ESC (Europe) Ltd acquisition update

Tandem Group said completion accounts for the acquisition of E.S.C. (Europe) Ltd have been finalised. The completion accounts show that ESC's net assets were £1.8m on 1 September 2015. For the 10 month period ended 1 September 2015, turnover was £
23-Jun-2015 07:34 AM

Tandem cautiously optimistic for rest of FY

Tandem Group said it is cautiously optimistic about the outlook for the remainder of the year. There continues to be strong potential in its licensed, direct to consumer and corporate bicycles businesses, however the independent cycle businesses remain un
17-Feb-2015 07:33 AM

Tandem's revenue for first 6 weeks of 2015 ahead

Tandem Group said revenue for the first six weeks of 2015 was ahead of last year with a particularly strong start for the Sports, Leisure and Toys businesses. Bicycles, Bicycle Accessories and Mobility revenues were slightly down on a like for like bas
04-Aug-2014 02:16 PM

Tandem acquires Pro Rider Mobility

Tandem Group, designers, developers and distributors of sports and leisure equipment, has acquired 100% of the share capital of mobility and leisure products business, Pro Rider Mobility. The initial consideration for the acquisition is £2.5m to be paid
10-Jun-2014 07:59 AM

Tandem revenue up

Tandem Group chairman Mervyn Keene will tell the company's AGM today that revenue for the 22 weeks to May 31 was about 26% ahead of the comparative period last year. "We reported on 4 April 2014 that revenue from our bicycles and accessories bu
04-Apr-2014 07:29 AM

Tandem Group FY pretax profit slumps to £16,000

Tandem Group's FY pretax profit slumped to £16,000, from £0.77m. Revenue was £28.35m, from £28.95m. It recorded £0.8m of finance costs, from £0.2m. Exceptional costs were £0.14m, from nil. "Although the first half of the year was disappo
04-Apr-2014 07:25 AM

Tandem profits up

Tandem Group said revenue for the year to end-December 2013 reduced by 2% to £28,347,000 compared to £28,952,000 in the year to end- December 2012. Profit before taxation and non-underlying items improved from £768,000 for the year ended 31 December 2

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