Description

This video can be seen at: https://www.piworld.co.uk/2021/03/25/tandem-group-tnd-fy20-results-presentation/

Jim Shears, CEO and Phil Ratcliffe, Group Commercial Director present FY20 results. Revenues were down, in part, due to less FOB business but profit was significantly up due to higher margins. The improved margins were achieved by a higher margin product mix, careful cost control, and reduced operating costs. CV19 has had a massive impact on both supply and demand, sometimes for the better or the worse, with a net positive effect. This is a really comprehensive presentation to understand the moving parts.

00:00 - Opening

Jim Shears, CEO

00:36 - Operational highlights

10:48 - Financial highlights

Phil Ratcliffe, Group Commercial Director

15:08 - 2020 Review

19:25 - Elements of the business

24:43 - Summary

25:08 - 2021 Challenges

27:18 - Outlook

Jim Shears, CEO

31:54 - Closing remarks

32:36 - Q&A

Tandem Group plc is a holding company. The Company is engaged in the design, development, sourcing and distribution of sports, leisure and mobility equipment. The Company operates in two segments: Bicycles, bicycle accessories and mobility, and Sports, leisure and toys. The Company's subsidiaries include Tandem Group Cycles Limited, which is engaged in the design, development, sourcing and distribution of sports, leisure and toy products; MV Sports & Leisure Limited, which is engaged in the design, development, sourcing and distribution of bicycles and accessories; Pro Rider Limited, which is engaged in the design, development, sourcing and distribution of mobility and leisure products, and E.S.C. (Europe Limited), which is engaged in the design, development, sourcing and distribution of leisure products.