Corporate adviser VSA Capital has downgraded its forecasts for Aquis-quoted healthy snacks manufacturer S-Ventures (LON: SVEN) due to a reduction in the expected rate of sales growth.
At the recent AGM, S-Venturessaid headwinds in the economy have held back sales of its healthy snacks. Even so, like-for-like sales are currently 10% ahead of last year. Cost savings of £300,000 a year are being achieved at the Pulsin plant-based products business, where revenues are growing strongly.
S-Ventures has been highly acquisitive and last year’s revenues of £1.5m do not provide an indication of t...
