Feeds

Fayrewood misses targets

UK 'particularly challenging'

  • alert
  • submit to reddit

Fayrewood, the European networking distie, has missed its second half targets.

In a trading statement, issued the day before its current financial year comes to an end, the company said its anticipation of a 'significantly stronger' second half, published in December, had not worked out.

for its financial year - which ends tomorrow.

Second half profits are below analyst forecasts - although well above H1, on sales slighter lower than consensus predictions. The company attributes the latter to "focus on maintaining margins" rather than the business climate.

Fayrewood says gross margins are stable across the group and overheads are reduced. The company has operating subsidiaries in France, Germany and the UK, with the first two both profitable and cash generative. In the UK, it's a different matter, with its sub facing 'particularly challenging conditions'. However trading losses are reduced, and recent management changes are expected to result in improved performance, Fayrewood says. ®

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.