Updates

UP Global Sourcing - Record operating margins hit in H1

June 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Managing director Andrew Gossage was in good cheer following H1 results to end January. No one can really plan for all the spiky demand that is being seen everywhere at the moment and given the additional challenges of shipping and supply chain issues to contend with, these were strong results with sales up 11% to £75.4m. Underlying pretax profit was up 24% to £7.7m.There was, however, a very different channel mix. Supermarkets accelerated (+28% and now 27% of sales). They have always tended to sell own label products, says Gossage but UPGS has been able to persuade them to allocate space to its Beldray, Salter and Russell Hobbs branded products, which it supplies at a price point just above own label. It’s ...

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Restore - £61m acquisition of EDM

Marlowe

UP Global Sourcing - Massive deleverage of balance sheet (September 2023)

UP Global Sourcing (March 2023)

UP Global Sourcing - Shares rocket after results (December 2022)

UP Global Sourcing (September 2022)

UP Global Sourcing - Salter acquisition helps take margins to new record (May 2022)

UP Global Sourcing (July 2021)

UP Global Sourcing (March 2021)

UP Global Sourcing (December 2020)

UP Global Sourcing - Forecasts upgraded again (August 2020)

UP Global Sourcing (July 2020)

UP Global Sourcing (June 2020)

UP Global Sourcing (April 2020)

UP Global Sourcing (March 2020)

UP Global Sourcing (December 2019)

UP Global Sourcing (October 2019)

UP Global Sourcing - Trading ahead of expectations (August 2019)

UPâ€ˆGlobal Sourcing (May 2019)

UP Global Sourcing - Third eps upgrade since November (March 2019)

UPâ€ˆGlobal Sourcing - New upgrade cycle (February 2019)

UP Global Sourcing - CEO in good cheer - does this indicate a resumption of home-related spending? (December 2018)

UP Global Sourcing (October 2018)

UP Global Sourcing (July 2018)

UP Global Sourcing - Germany trading ahead of expectations (June 2018)

UP Global Sourcing (March 2018)

UP Global Sourcing (October 2017)

UP Global Sourcing - Barnstorming sales +62% in H1 (August 2017)

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