Sandal plc
Trading Update
The Directors of Sandal plc are pleased to announce that the rollout of the Energenie MiHome range continues to grow following the successful Gadget Show in Birmingham last month and the Grand Designs Live Show in London this month. The new range of radiator valves from Chalmor has been successfully introduced and sales of the MiHome home hubs continue.
The trading results for the quarter to 28 February (the year end is May) shows a growth in both turnover and gross profit of the Powerconnections division of 15% compared to the equivalent quarter a year ago while the Energenie division has increased by 59% and 78% respectively. For the 9 months to 28 February the Company's combined turnover and gross profit are both showing an 18% increase over the similar period last year.
The offer for subscription for new shares at 19p each available from Syndicate Room, the crowd funding site, has been extended to midnight 14 June and is currently open for subscription. Interested investors should go to www.syndicateroom.com .
The directors of the issuer accept responsibility for the contents of this announcement.
For further information please contact:
SANDAL PLC
Alan Tadd 01279 422022
Unit 5 Harold Close
The Pinnacles
Harlow, Essex
CM9 5TH
CITY & MERCHANT LIMITED
David Papworth 0207 101 7676
info@cityandmerchant.com
Salisbury House
29 Finsbury Circus
London
EC2M 5QQ
Note to Editors:
Sandal plc commenced business in 1996 and designs, develops and manufactures consumer electronics products. Its business is divided into two distinct product groups, PowerConnections, a long established wholesaler and reseller of a successful and patented range of converter plugs and power cables, and Energenie, which sells a newer product range that includes energy saving products, portable charging devices and the new MiHome range of products aimed at the "Home Automation" and "Internet of Things" marketplace.
PowerConnections is a supplier to customers, in the UK and abroad, of single-phase electrical connection products. The products are manufactured in three partner factories in the Far East and have distributors worldwide for its range of patented converter plugs. The Company's product portfolio consists of International Power Leads, Rewireable Plugs, Converters and Connectors. These products are stocked in the Far East, Australia and UK.
Energenie offers Eco and electrical, travel and energy saving products for homes and offices, reducing energy usage and the Home Automation sector. It has store listings for its current products with several large retailers including Homebase, Maplin, Amazon, Screwfix, Toolstation and ASDA. The new range of MiHome home automation products enables the remote operation of everyday household appliances and energy monitoring more accessible to consumers owing to better affordability and simplicity of control through smartphone and tablet connectivity.