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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Carpetright plc    CPR   GB0001772945

CARPETRIGHT PLC

(CPR)
  Report  
Delayed Quote. Delayed London Stock Exchange - 07/24 03:52:14 am
15.46 GBp   -4.12%
07/16U.S. property trust Vornado challenges Arcadia's restructuring plan
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07/15CARPETRIGHT : Annual Financial Report
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06/26CARPETRIGHT : returns to sales growth as rescue plan puts it back on track
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Carpetright : returns to underlying sales growth

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06/25/2019 | 03:03am EDT
A sign hangs above the door of a Carpetright store in Derby

LONDON (Reuters) - Britain's biggest floor coverings retailer Carpetright said its turnaround was on track as it returned to underlying sales growth in its new financial year and reported a narrower loss for 2018-19.

Last year Carpetright's shareholders backed a Company Voluntary Arrangement (CVA) restructuring plan to keep the company alive. The plan closed 80 underperforming stores, while 23 were retained on a nil rent basis.

The firm's shares are down 42% year-on-year.

The group said on Tuesday it made a statutory pretax loss of 24.8 million pounds in the year to April 27, versus a loss of 69.8 million pounds in 2017-18. Revenue fell 13.4% to 386.4 million pounds, with UK like-for-like sales down 9.1%.

However, underlying UK sales in the first eight weeks of Carpetright's new financial year were ahead by 8.5% and they were up 4.3% in the Rest of Europe division (the Netherlands, Belgium and Ireland).

With its legacy property issues addressed, Carpetright said it was on schedule to deliver 19 million pounds of annualised savings as part of the CVA.

"Our work is far from finished, and while economic and political uncertainties cloud the near term outlook for the retail sector, our turnaround plan is very much on track,” said Chief Executive Wilf Walsh.

(Reporting by James Davey; editing by Kate Holton)

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Latest news on CARPETRIGHT PLC
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Financials (GBP)
Sales 2020 378 M
EBIT 2020 3,60 M
Net income 2020 -8,30 M
Debt 2020 29,1 M
Yield 2020 -
P/E ratio 2020 -
P/E ratio 2021 53,8x
EV / Sales2020 0,21x
EV / Sales2021 0,21x
Capitalization 49,0 M
Chart CARPETRIGHT PLC
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Technical analysis trends CARPETRIGHT PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 50,00  GBp
Last Close Price 16,13  GBp
Spread / Highest target 210%
Spread / Average Target 210%
Spread / Lowest Target 210%
EPS Revisions
Managers
NameTitle
Wilfred Thomas Walsh Chief Executive Officer & Director
Robert Lewis Ivell Non-Executive Chairman
Neil Lloyd Page Executive Director & Chief Financial Officer
Sandra Turner Independent Non-Executive Director
David Phillimore Clifford Senior Independent Director
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