Tandem Group plc (GB:TND) has released an update.
Tandem Group plc, a company specializing in sports, leisure, and mobility equipment, has reported steady performance despite facing challenges such as escalating freight costs due to the Red Sea conflict, adverse weather, and persistent high interest rates. The company’s resilience is evidenced by its sales marginally outperforming the prior year, with notable success in its Toys, Sports, and Leisure division, and plans to further drive growth through strategic investments and new product launches. While certain divisions like eMobility and Home and Garden have seen declines, Tandem Group remains optimistic about meeting market expectations and capitalizing on future opportunities.
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