Mise à jour sur la négociation de l'AGA
11 Mars 2024
Ramsdens Holdings SA
("Ramsdens", the "Group", the "Company")
Mise à jour sur la négociation de l'AGA
Ramsdens Holdings PLC, the diversified financial services provider and retailer, is pleased to provide the following trading update for the financial year to date (the five months from 1 October 2023 to 29 February 2024 or the "Period") in advance of the Group's Annual General Meeting being held at 11.00 am today.
Trading during the Period has remained strong and in line with the Board's expectations as Ramsdens continues to benefit from its diversified business model and trusted consumer brand.
· Foreign currency gross profit increased c.3% year on year with encouraging momentum building ahead of the key summer trading period.
· The pawnbroking loan book has continued to grow, increasing by £0.4m over the Period and reaching £10.7m at the end of February (£10.3m as at 30 September 2023).
· Jewellery retail revenue for the Period was broadly flat compared with the prior year. As indicated in the Group's full year results in January, the business mix continues to change with growing sales of higher margin second hand and diamond jewellery and lower sales of premium watches; as a result, Jewellery retail gross profit in the period was approximately 5% ahead of the prior year.
· Purchase of precious metals gross profit increased by approximately 20% on the prior year reflecting continued growing consumer awareness of this service supported by a relatively high gold price.
· We have continued our strategic expansion with two further stores opened in February, in Romford and Burnley, meaning that the Group has opened five new stores in the Period. As at 29 February 2024, the total estate comprised 167 stores (including two franchised stores).
· We have secured a new £15m revolving credit facility (RCF) with Bank of Scotland PLC with a 5-year term, which replaces the £10m RCF with Virgin Money on more attractive terms.
The Board remains highly confident in the Group's continued growth prospects and its expectations for the current financial year.
FIN
Enquêtes
Ramsdens Holdings SA Tel: + 44 (0) 1642 579957
Peter Kenyon, PDG
Martin Clyburn, directeur financier
Liberum Capital Limited, conseiller désigné,
Conseiller financier et Broker Tel: + 44 (0) 20 3100 2000
Richard Crawley
Lauren Bouilloire
Hudson Sandler (RP financière) Tel: + 44 (0) 20 7796 4133
Alex Brenan
Lucy Wollam-Coles
Emilie Brooker
À propos de Ramsdens
Ramsdens est un fournisseur et détaillant de services financiers diversifié et en pleine croissance, opérant dans les quatre principaux segments d'activité que sont le change de devises, les prêts sur gage, l'achat et la vente de métaux précieux et la vente au détail de bijoux d'occasion et neufs. Ramsdens n'offre pas de crédit à court terme non garanti à coût élevé.
Basé à Middlesbrough, le groupe opère à partir de 167 magasins au Royaume-Uni (dont 2 magasins franchisés) et a une présence en ligne croissante.
Ramsdens est entièrement agréé FCA pour ses activités de prêt sur gage et de courtage de crédit.
www.ramsdensplc.com
www.ramsdensforcash.co.uk
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