Findel makes ‘solid start to the year’ ahead of AGM

Findel Studio

Findel has said it has made a “solid start to the year” and its full-year financial guidance remains unchanged, ahead of its AGM this afternoon.

The online value retailer gave a trading update for the 16 weeks to July 19, 2019, in which it said Studio, the largest business within the group, grew revenue by 3% ”in this relatively quiet period”.

This was up 11% in the first quarter against what it called “a full-year outturn of 8%”. 

Findel said Studio’s sales were boosted by the successful rollout of its app and “cash at the point of sale” function, and that its value proposition ”continues to prove attractive to customers”.

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