Pittards PLC – PTD – Final Results

Pittards PLC – PTD – Final Results

Pittards plc, the specialist producer of technically advanced leather and luxury leather goods for retailers, manufacturers and distributors today announces its results for the year ended 31 December 2020.

 

Key performance indicators 2020

Second half

Full year

2020

2019

Change

2020

2019

£m

£m

£m

£m

£m

Revenue

8.6

10.2

(1.6)

15.2

22.3

Gross profit

2.1

3.3

(1.2)

3.2

6.9

Gross margin

24%

32%

-8%

21%

31%

Profit/(Loss) before tax

(0.0)

0.4

0.4

(2.3)

0.6

EBITDA

0.3

0.9

(0.6)

(1.1)

2.0

Net assets

13.9

17.5

(3.6)

13.9

17.5

Inventory

15.0

17.3

(2.3)

15.0

17.3

Net debt

10.1

9.6

(0.5)

10.1

9.6

Net debt adjusted for treasury shares held

9.7

9.6

(0.1)

9.7

9.6

Gearing

73.0%

54.7%

-18%

73.0%

55.0%

Staff numbers

1,096

1,224

Basic (loss)/earnings per share (in pence)

(17.7)

2.9

Net assets per share (in pence)

107.0

126.3

 

 

 

Stephen Yapp, Chairman, commented:

"We have entered 2021 stronger, with a more diverse and flexible business, ready to take full advantage of opportunities in our markets. It remains too early to judge how strong the recovery will be, but on balance, we see more reason to be positive that we can make further progress to build on the momentum of the second half of last year, starting the year with stronger demand from customers"

No Comments

Post a Comment