Distil’s FY23E trading performance has been disappointing, with full-year revenue more than halving, resulting in a higher loss before tax. The disappointing optics primarily reflect the change in business model, moving from a distributor-based model to Distil assuming direct control of supplying its major UK customers. This strategic shift required a one-off but prolonged clearing of stocks from the previous distributor’s supply chain. With this complete, Distil can focus on driving domestic an ....
13 Apr 2023
PROGRESSIVE: Distil - Q4 revenue performance best of the year, though slightly shy of market expectations
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PROGRESSIVE: Distil - Q4 revenue performance best of the year, though slightly shy of market expectations
Distil PLC (DIS:LON) | 0.6 0 4.3% | Mkt Cap: 5.43m
- Published:
13 Apr 2023 -
Author:
David Jeary -
Pages:
3
Distil’s FY23E trading performance has been disappointing, with full-year revenue more than halving, resulting in a higher loss before tax. The disappointing optics primarily reflect the change in business model, moving from a distributor-based model to Distil assuming direct control of supplying its major UK customers. This strategic shift required a one-off but prolonged clearing of stocks from the previous distributor’s supply chain. With this complete, Distil can focus on driving domestic an ....