Final results for the year ended 30 September 2012 represent the first full year figures excluding the Sanderson RBS business, which was disposed of in the first half. This sale brought in a significant level of cash given the size of the Group and has resulted in a net cash position.
The Group is now more streamlined and focused, with the multi-channel division in particular poised for strong growth in the coming years. With high gross margins in both this and the manufacturing division, new orders will feed through into a meaningful uplift in profitability.
Broad economic conditions remain challenging. However, Sanderson’s offerings are cost effective and even if recovery is sluggish the order book provides confidence that progress will be made in the current financial year and beyond.
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