Stadium Group, the contract electronics engineering and manufacturing company, announced that interim results to June 2011 showed sales of £23.2 million (2010: £23.1 million), pre-tax profit of £1.58 million (2010: £1.45 million), EPS of 3.9p (2010: 3.9p) and DPS of 1.05p (2010: 0.95p).
The company reported that there were new business wins (in the areas of greentech, security and industrial controls) which should move to mature levels of operation through H2, and into 2012. The pipeline of future opportunities is expanding, with a focus on developing those higher up the value chain; the results comprised Electronics sales of £20.7 million (2010: £21.1 million) and operating profit of £1.2 million (2010: £1.4 million), and Power sales of £2.5 million (2010: £2.0 million) and operating profit of £530,000 (2010: £350,000); operating margin was 7.6% (2010: 7.5%); period end net cash was £3.7 million (2010: £1.8 million net cash).
The SDM share price has increased by 12% over the past year.
Stadium Group Plc is graded B by LCF Research. To learn more, follow the link.
Disclaimer:
This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.
Stadium Group plc is engaged in the provision of electronic design and build solutions. The Company provides electronic technologies, including power supplies and electronic manufacturing services (EMS) supplying original equipment manufacturers (OEMs) in the industrial, security, lighting, green energy, medical and personal care and communication markets. It derives its revenues from two main areas of activity: provision of sub-contract electronic manufacturing services and design and manufacture of power supplies. As of December 31, 2011 the principal subsidiaries of the Company included Stadium Asia Limited, which is engaged in electronic manufacturing services; STMC Limited, which is engaged in electronic manufacturing services, and Stadium Power Limited, which is engaged in custom power supplies. In September 2012, the Company acquired IGT Industries Ltd. In December 2012, the Company sold its Hong Kong property. more »
