Although maternity wear supplier Seraphine Group operates its own shops, it is predominantly an online business. This is an international business covering more than 120 countries. Europe accounts for two-fifths of sales, the majority in the UK, and North America more than one-quarter.
Management believes that growth can continue to be rapid. Medium-term online percentage growth rates are expected to be in mid-twenties, which is lower than previously but still impressive.
Seraphine plans to pay a dividend of between 20% and 40% of adjusted post-tax profit. There will be a final dividend for the year to 5 April 2022.
The share price started conditional dealings at 305p and subsequently fell back, opening at 280.05p when dealings were unconditional. The share price ended the...