Woman cyclist riding Mountain Bike on highway

22 September 2020 - interim results

Interim results for the six months ended 30 June 2020 have been released by AIM-listed Tandem Group.  Revenue increased by approximately 6% to £16.9m (2019: £16.0m).  There was an increase in gross profit from £4.91m to £5.56m.  Gross profit margin also increased from 30.6% to to 32.8% due to strong demand for a number of products in limited supply and the change in the mix of business from 'FOB', where stock is shipped from the Far East, to 'domestic', where stock is warehoused in the . . .

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