Sales up at Sanderson Group
SOFTWARE and IT services business Sanderson Group has seen an increase of more than 10% in its overall sales order intake for the financial year.
In September the firm – which specialises in multi-channel retail and manufacturing markets in the UK and Ireland and has an operation in Sheffield – reported a surge in orders and said it was on the hunt for acquisition targets.
Now, in a trading update ahead of the announcement of its preliminary results for the year ended September 30, it reports business is still healthy.
“Following the sale of Sanderson RBS in January 2012 for a cash consideration of £11.7m, the group has concentrated on developing and further growing its businesses both in the expanding multi-channel retail and ecommerce markets, as well as, in selected manufacturing markets,” it said.
“Investment has focused upon developing new products and services, such as warehouse automation and increasingly, mobile applications, as well as upon strengthening the group’s sales and marketing capabilities.
“This investment strategy has contributed to an improved competitive market position resulting in an increase of over 10% in the group’s overall sales order intake for the financial year. The multi-channel business, with its online sales and ecommerce offerings, has achieved an increase in sales order intake of over 15% during the year.”
Sanderson said the trading results for the year ended September 30 are slightly ahead of market forecasts and that its cash balance as at that date had further improved to £4m.
“Notwithstanding the uncertain outlook for the general economy, the strong order book provides improved future visibility and gives the board a good level of confidence that Sanderson will make further positive progress during the year ending 30th September 2013,” it said.
