The latest announcement is out from Tandem Group plc ( (GB:TND) ).
Tandem Group plc reported an 11% growth in FY24 revenues, marking a return to profitability despite challenges such as increased shipping rates and consumer sector pressures. The company saw strong performance across its Toys, Sports, and Leisure division, with significant revenue increases in both licensed and own-label products. Bicycle sales also grew, with premium Squish bikes gaining notable recognition. While golf sales were robust, the Home and Garden division faced setbacks due to weather conditions. The company’s strategic initiatives, including operational optimization and innovation, position it for continued growth in FY25, supported by new retailer partnerships and international expansion opportunities.
More about Tandem Group plc
Tandem Group plc is involved in designing, developing, distributing, and retailing products across the sports, leisure, and e-mobility sectors. Their market focus includes character-licensed wheeled toys, in-house sports and leisure products, bicycles, and golf equipment, with a strong emphasis on innovation and expansion into new markets.
YTD Price Performance: -1.54%
Average Trading Volume: 3,013
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £8.76M
See more insights into TND stock on TipRanks’ Stock Analysis page.