Stadium issues profit warning

Shares in Stadium dropped over 24 per cent on Friday after the electronic technologies group warned its full year results will be significantly below current market expectations.

Shares in Stadium dropped over 24 per cent on Friday after the electronic technologies group warned its full year results will be significantly below current market expectations.

The firm said recent trading has shown a further softening in demand, and as a result the group now expects revenue and normalised profit before taxation for the second half of the year to be below those reported in the first half.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

"Our investment in Power and Display technologies together with the review of the company's cost base, underpins the board's confidence of an improved performance in 2013."

The company also said that its Stadium Power business has continued to perform well despite the challenging market conditions and will deliver similar revenues and operating profit to that achieved during 2011.

NR

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.