Updates

Topps Tiles - Strong sales growth

February 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A rise in consumer confidence and increased housing transactions has provided a friendly backdrop for Topps Tiles, which released strong final results for the year ended 27 September. Revenues, pretax profit and eps increased 10%, 32% and 36% to £195m, £17.1m and 6.6p respectively.The driving force was a like-for-like sales gain of 8.1% reflecting increases in market share to 30.3% and 0.7% rise in gross margin to 60.9% thanks to sourcing gains. The top line was also boosted by a national TV “fall in love with your home again – up to a third off” campaign last autumn as well as new products (launched in the past 18 months), which contributed 20% of all tile revenues. Topps also benefited from an increa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Topps Tiles - Strong sales growth

February 2015

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