S&U - PBT ahead, encouraging volume trends
S&U reported FY24 PBT of £33.6m, down from £41.4m in FY23 on higher funding and regulatory costs and higher impairments in Advantage in H2. PBT...
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S&U - Impairments drag FY24 PBT, moderation in FY25
In its trading update between December 2023 and January 2024, S&U announced that FY24 PBT will be 10% to 15% below consensus of c £38m. The key...
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S&U - Maintaining cautious approach
In its update for the August to December period, S&U posted good growth in its net receivables balances in both Advantage and Aspen. Advantage...
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S&U - Resilient despite macroeconomic uncertainty
Advantage and Aspen both performed well and broadly in line with our expectations. PBT in H124 was £21.4m, 2% above H123. Impairments were better...
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S&U - Softer volumes but solid EBITDA growth expected
S&U held a cautious approach to new lending in H124, emphasising higher-quality customers and avoiding competition directly on price....
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