DIYWEEK.net

 

Topps reports increased revenue growth in tough market

Published: 27 November 2007
Topps Tiles saw its total group revenue increase 15.4% to £207.9m and like-for-like sales rise 4.7% in the year ended September 29, 2007.
Topps reports increased revenue growth in tough market
However, its profits fell following an interest charge stemming from a refinancing for its share buy-back.

Pre-tax profits were £37.8m (£39.1m in 2006) in a year which saw the company open 30 new stores in the UK to bring its total number of outlets to 321.

In Holland it is now trading from 20 outlets - five more than the same period last year.

The company has warned that financial market turmoil could hurt consumer spending, but maintained that prospecst for growth remain broadly positive.

Chief executive, Matt Williams, said: "This year marked the 10th anniversary of our listing on the London Stock Exchange and another year of strong results which, despite tough trading conditions, underlines the success of our strategy and brand."

Comments


(Your email address will not be published)
9 + 5 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories

http://www.diyweek.net/topps-reports-increased-revenue-growth-in-tough-market