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Tandem Group PLC on Friday said it is trading in line with market expectations for the full-year, but noted a challenging backdrop mix of rising unemployment, rising business costs and cost-of-living pressures. The Birmingham, England-based developer of sports, leisure and mobility products reported a pretax loss of £378,000 for the six months that ended June 30, narrowing from £606,000 a year earlier. Driving the improved bottom line was a 14% advance in revenue to £11.2 million from £9.8 million, with Tandem stating that it ‘continued to navigate a trading landscape defined by ongoing macroeconomic changes and shifts in consumer behaviour.’ Shares in Tandem were 9.1% lower at 183.55 pence on Friday morning in London. On current trading, Tandem said consumer confidence remains subdued, as it noted a backdrop mix of rising unemployment, rising business costs and cost of living pressures. The company said it is ‘cautiously optimistic’ regarding a potential improvement in conditions through the rest of 2025 and beyond. Tandem added that it remains confident in delivering a full-year performance in line with market expectations. ‘We are pleased with the progress achieved in H1, with increased diversification and resilience. The group is now strengthened and better positioned for the future,’ said Chair Steve Grant. ‘Looking ahead, we remain resolutely focused on our strategic priorities, disciplined growth, operational efficiency, and continuous innovation. While headwinds persist, we see significant opportunities to strengthen our market position and deliver sustainable long-term value for all stakeholders,’ Grant continued. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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