Findel plc provided earnings guidance for the year ending March 25, 2016. The group expects to report a profit before tax and exceptional items broadly in line with current market expectations. The recent sales performances of both businesses has improved, with Express Gifts seeing product sales growth of around 8.5% in the last 9 weeks of the year compared to 2.2% for the year as a whole.

Findel Education saw sales in the same period decline by around 7.4% compared to a decline of 7.8% for the year as a whole, with active customer numbers stabilising after several years of decline and a strong performance from the higher margin classroom brands. These are encouraging sales trends to take into the new financial year. The group's net bank debt at 25th March 2016 is expected to be approximately £87 million, in line with last year's position.