Home shopping group Findel is to report full year results “in line with market expectations” as it turnaround gains pace
The retailer, which is two years into its three year turnaround plan, said its financial position had “continued to improve” with net debt lower than last year.
Findel reported that its sales jumped 8.3% in the 49 weeks to March 8 with revenue in the second half to that period up 8.7%.
The home shopping specialist, which is in the process of selling its healthcare division to private equity firm LDC for £24m, will reveal its full year results on June 5.
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