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.

Ultimate Products - Q3 Trading Update - Investor presentation video - 14 May 2024

Ultimate Products hosted an Investor Presentation for retail investors following the company's recent Trading Update for the period from 1 Feb to 30 Apr 2024.

Andrew Gossage (CEO) highlighted how trading has been impacted by a slowdown in near-term sales from landed stocks, typically at higher gross margins, reflecting the broader slowdown seen in retail sales to consumers. Updated expectations for FY24 have now been communicated, but management outlined reasons for confidence in the Group's prospects for FY25.

There was also a detailed Q&A session with numerous questions having been submitted by viewers.


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