Profit warning at Safestyle as recovery proves slower than expected
Safestyle has said it is “cautiously optimistic” about its turnaround plans, but warned that profits this year will be lower than expected.
The Bradford-based listed company said the slow improvement of profit margins was down to higher lead generation cost and the slower-than-expected pace of “improving the group’s operational effectiveness”.
Revenues will reportedly be in line with current market expectations.
In March the company reported pre-tax losses of £16.3m for the year to 31 December 2018 compared to a p... For the full story register now for free or login below...