Sanderson's trading to beat full year expectations
Sanderson Group, a software and IT services business reported an increase in its overall order intake, meaning its trading performance will now be slightly ahead of the board's expectations for the year ending September 30th.
Sanderson Group, a software and IT services business reported an increase in its overall order intake, meaning its trading performance will now be slightly ahead of the board's expectations for the year ending September 30th.
Up to the end of August, cumulative orders were nearly 10% ahead of the comparative period of the previous year, and whilst both divisions have increased order intake, growth has been most noticeable in the multi-channel business, the firm said.
The multi-channel division has recently secured two large orders from new customers, each worth approximately £250,000. At the end of July (10 months into the current accounting year), order intake for the multi-channel division exceeded the total order intake for the whole of the previous year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
In a statement the firm said: "The UK economic environment remains challenging and whilst Sanderson is affected by these market conditions, continued investment in product development and in sales and marketing has further strengthened the group's competitive market position. The group continues to look carefully at acquisition opportunities in both the manufacturing and multi-channel retail markets."
The share price rose 3.95% to 39.50p by 12:10.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Nationwide hikes FlexPlus current account fee by £5 a month – is it worth it?
Nationwide’s FlexPlus current account is a favourite with customers, but it’s worth checking whether you are taking advantage of the perks after the monthly fee went from £13 to £18
By Katie Williams Published
-
Santander launches online pension that offers up to £1,000 cashback
Santander's self-invested personal pension offers customers cashback of up to £1,000 if they invest before 25 April next year - here is everything you need to know
By Chris Newlands Published