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Ultimate Products – “trading improved in Q2 - with cautiously encouraging momentum going into H2”… but insufficiently to prevent a material profit warning!

By Steve Moore | Monday 3 February 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Homeware brands company Ultimate Products (ULTP) has issued a “trading update” headlined “H1 performance impacted by challenging market conditions, albeit trading improved in Q2 - with cautiously encouraging momentum going into H2”. So what about share price ‘momentum’ currently downwards by more than 15% towards 85p?
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