William Hill WMH has made a positive start to the year with group net revenue rising by 9% and online revenue up by 16%, for the 17 weeks to 25th April. Australia and the US both surged by 41% after producing double digit “wagering” growth.
Spirax- Sarco SPX Organic sales growth for the quarter to 30th April, helped by a strong economic background, exceeded that of 2016 which was unusually weak. China & Korea put in a particularly good performance and the fall in the pound provided a strong “tailwind.” Expectations for the full year remain unchanged.
Gear4music G4M saw record growth in sales a profits for the year to 28th February which it describes as transformational. International markets were particularly strong with a rise of 124% and the number of active customers rose by 50%. Revenue was up by 58% and on an underlying basis EBITDA rose by 115% and operating profit by 192%. The company sees the next 12 months as exciting.
Cello Group CLL has made a strong start to the year and sees the outlook as pleasing.