Business has been good for multi channel retail and manufacturing software provider Sanderson for the half year to March 31st, as it reaps the benefits from selling its RBS epos solutions business (see here) to Torex (who has just been acquired by Micros (see here).
In a trading update today Sanderson said it expects H1 revenue from continuing operations to be in excess of £6m, and profit from operating activities to be around £0.8m, 6% ahead of the year ago period. Despite the precarious state of the retail market, order intake is up 10%, with the value of the order book up around 30%. The ecommerce side of the business appears to be doing particularly well, reflecting the ongoing market growth in online sales. The company also gained a further £0.25m deferred cash consideration from the RBS sales, taking the total for the sale to £11.75m.
The turbulence in the retail sector is marked, resulting in varied strategies from interested software suppliers. While Sanderson moved out of epos (part of its strategy to ...