Actualización de negociación AGM
11 de marzo de 2024
Ramsdens Holdings PLC
("Ramsdens", el "Grupo", la "Compañía")
Actualización de negociación AGM
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.
EXTREMOS
Consultas:
Ramsdens Holdings PLC Tel: + 44 (0) 1642 579957
Peter Kenyon, director ejecutivo
Martín Clyburn, director financiero
Liberum Capital Limited, Nominated Adviser,
Asesor financiero y Broker Tel: + 44 (0) 20 3100 2000
Richard Crawley
Lauren Hervidor
Hudson Sandler (relaciones públicas financieras) Tel: + 44 (0) 20 7796 4133
Alex Brenan
Lucy Wollam-Coles
emily brooker
Acerca de Ramsdens
Ramsdens es un proveedor y minorista de servicios financieros diversificado y en crecimiento, que opera en los cuatro segmentos comerciales principales de cambio de divisas, préstamos de casas de empeño, compra y venta de metales preciosos y venta minorista de joyería nueva y de segunda mano. Ramsdens no ofrece crédito a corto plazo sin garantía y de alto costo.
Con sede en Middlesbrough, el Grupo opera desde 167 tiendas en el Reino Unido (incluidas 2 tiendas franquiciadas) y tiene una presencia en línea cada vez mayor.
Ramsdens está totalmente autorizada por la FCA para sus actividades de empeño y de intermediación crediticia.
www.ramsdensplc.com
www.ramsdensforcash.co.uk
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