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.

08 Jun 2020

Satisfying customer demand

UPGS released an unscheduled trading statement this morning which confirms better numbers (FY2020 sales revenue, profitability and net debt) than previously envisaged when the company reported its interim results on 30^th April.

A commitment to being flexible enough to ensure employee safety while satisfying customer demand is clearly working well. Accordingly, we make positive adjustments to our own forecasts.

UPGS’s shares performed well in the past two months: since end-March they rallied by 51%.

But, based on our revised FY2020 sales estimate and our current projections for end-year net debt, the implied EV/sales ratio is still only 0.6x

Download as a PDF file

Return to Ultimate Products

Register to be first

Get research on the companies that interest you straight to your inbox

Equity Development is a partner to successful companies looking to enhance their investor relations. Our top-rated analysts produce best in class investment research. Based in London, UK, we help our clients connect with investors via presentations and interviews.

Equity Development Limited 2nd Floor, Park House, 16-18 Finsbury Circus, London, EC2M 7EB

Website design & development by Breckenridge