14 April 2015 – final results
An excellent set of results for 2014 has boosted the share price of Tandem Group. Revenue was up over 10% to £31.3m (2013: £28.3m) and profit before tax and non-underlying items increased by 55.9% from £823k to £1.28m. Diluted earnings per share were 34.09p (2013: 7.54p) and the final dividend was increased modestly to 2.4p per share, taking the total for the year to 3.60p (2013: 3.45p). Revenue for the period to 12 April 2015 was up 6% on last year and the full benefits of the Pro Rider acquisition will be felt in 2015 so another strong year is in prospect. We retain our BUY rating.