Ultimate Products
Ticker: ULTP Exchange: LSE www.upplc.com

Ultimate Products plc (ULTP) develops new, innovative concepts and brings professional, sought-after products to the mass market. Their offices span two continents, with headquarters in the UK, a sourcing office and showroom in China and a further showroom in Continental Europe. Key owned brands include Salter, Beldray, Progress, Kleeneze, Petra and Intempo. The company also markets non-electrical Russell Hobbs products under licence, now on a rolling four-year basis.

Coronavirus disrupts H2 sales revenue

Ultimate Products (UP Global Sourcing Holdings PLC), which in recent half-years significantly accelerated its trading momentum, looks set to suffer from coronavirus related disruption to its business in the second half. The company has made a trading update announcement this morning and as a result we are withdrawing our financial forecasts until there is greater certainty.

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