Tandem Group Shows Resilience with Improved Profits

Tandem Group plc (GB:TND) has released an update.

Tandem Group plc, a company specializing in sports, leisure, and mobility equipment, has shown resilience amidst a challenging economic climate by maintaining stable revenue and improving gross profits to £2.8 million, up from £2.5 million in the previous year. The Group has effectively managed inventory and costs, resulting in an increased gross margin to 28.8% and a reduced adjusted EBITDA loss. Despite a slight increase in net debt, Tandem Group is optimistic about future growth, driven by new product launches, strategic cost efficiencies, and improved sales in July and August.

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