Home shopping and education resources company Findel has predicted performance at the upper end of market expectations for its financial year to the end of March, with profits growing by about 20%. The firm said it expected earnings per share growth in the range of 6% to 7% this year, up from a previous forecast of around 4%. The UK company said the turnaround of its education division was going well, with sales declines narrowing from 10% to 2% in H2. The operational turnaround of Findel Education was progressing “well”, the board reported, with its core UK brands seeing sales declines narrow to 2% in the second half after a decline of 10% in the first. Meanwhile it said online sales rose sharply. Detailed results are expected at the beginning of June.
Home shopping and education resources company Findel has predicted performance at the upper end of market expectations for its financial year to the end of March, with profits growing by about 20%. The firm said it expected earnings per share growth in the range of 6% to 7% this year, up from a previous forecast of around 4%. The UK company said the turnaround of its education division was going well, with sales declines narrowing from 10% to 2% in H2. Meanwhile it said online sales rose sharply. Detailed results are expected at the beginning of June.