Trellidor: Not letting a good recession go to waste
The group has tried to minimise the slowdown by diversifying its range into more aesthetically pleasing products
Trellidor posted a decline in interim headline earnings of 15% to 29.8c a share (35.2c a share), which brings the rolling headline earnings number to 48.9c a share. The crimped bottom line is not that surprising considering the state of the domestic economy, constrained disposable income, higher raw material costs and an inability to recover all the increases in operating costs.
Gross margin fell to 45% (46%), and operating margin was squeezed to 16% (17%).