Leading International Investment Research

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

Sanderson Design Group / Equity Bottom-Up

<p>FY18 closed in line with management expectations showing good top-line progress overall despite some UK market variability. The latter appears to have affected sentiment &ndash; as reflected in single-digit prospective P/E multiples &ndash; but there are positive mix effects also that should not be overlooked. A rising dividend provides an additional attraction.</p>

FY18 closed in line with management expectations showing good top-line progress overall despite some UK market variability. The latter appears to have affected sentiment &ndash; as reflected in single-digit prospective P/E multiples &ndash; but there are positive mix effects also that should not be overlooked. A rising dividend provides an additional attraction.

Walker Greenbank - Management expectations met