Updates

Swallowfield - Owned brand 65% of group profit

November 2018

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.

Swallowfield has reported its full year results with sales of £71.6m, a 4% decline. However profits before tax were up 37% to £5m with eps up 31% to 23.2p due to a change in mix with more higher margin own brand sales and less contract manufacturing. Net debt was £11.8m.The Owned Brand business performed strongly, with sales up 15% to £21m (28% of the total) and profits up 65% to £4.8m before central costs. This was driven by continued new product innovation that saw 89 new lines launched over the 12 month period across its 11 brands. At the same time, more of the manufacturing was moved in house to enhance margins. The plan this year is more of the same with a focus on the 5 largest “drive&rdquo ...

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