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Sanderson shares jump as it expects full year results to be ahead of expectations

The group said its operating profit for the year had increased 30% to over £5mln, while revenues had risen to £32mln from £21.6mln last year

Retail software
The group provides software and IT services to the retail sector

IT firm Sanderson Group PLC (LON:SND) saw its shares jump in early trading Wednesday after it said its full-year results would be “slightly ahead” of market expectations.

The group said its operating profit for the year had increased 30% to over £5mln, while revenues had risen to £32mln from £21.6mln last year.

The increase was bolstered by an enlargement of the company following its acquisition of supply chain management firm Anisa, which it purchased in November 2017 for £12mln.

Sanderson added that its pre-contracted recurring revenues now totalled over £17mln, representing 55% of total revenue.

Looking ahead, the firm said it had a healthy order book following a “strong intake” in the second half of the year, with good sales prospects.

Shares were up 4.7% at 87.5p.

Quick facts: Sanderson Group

Price: 140.5 GBX

AIM:SND
Market: AIM
Market Cap: £90.41 m
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