Sprue Aegis ShareSoc Growth Company seminar 21st October 2015
Sprue Aegis (SPRP) – John Gahan – Group Finance Director
Presents at ShareSoc Growth Company seminar 21st October 2015
A succinct overview of SPRP – their products, the legislation that drives sales, and why profits tripled in H1. John talks through the accounts. Outlines the new vision under Neil Smith, the new Chief Exec, coming from a retail background. One of the key axioms is “to build long term shareholder value” through protecting lives and leading edge technology.
The focus from now and the next year is to drive margins, the exchange rate has eroded profit potential, (even though sales to France have tripled profits this year), and they want to return to 30-40% margins irrespective of interest rate.
A very helpful and confident overview.