A positive, ahead of expectations Y/E trading update today. It builds on a series of good news since the June’21 IPO and should be very well received. Revenue has come in 3% ahead of our forecast resulting in 20% y/y growth. The standout feature is the excellent growth in total members at 18% vs our 9%. This is significant as it is a leading indicator of future growth. We lift our FY21 revenue by £0.5m to £18.0m but retain our EBITDA estimate. We hold off adjusting FY22 forecasts but the high st ....
20 Jan 2022
Ahead of expectations Y/E update; excellent membership growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ahead of expectations Y/E update; excellent membership growth
Artisanal Spirits Company PLC (ART:LON) | 44.0 0 0.0% | Mkt Cap: 31.0m
- Published:
20 Jan 2022 -
Author:
Sahill Shan -
Pages:
4
A positive, ahead of expectations Y/E trading update today. It builds on a series of good news since the June’21 IPO and should be very well received. Revenue has come in 3% ahead of our forecast resulting in 20% y/y growth. The standout feature is the excellent growth in total members at 18% vs our 9%. This is significant as it is a leading indicator of future growth. We lift our FY21 revenue by £0.5m to £18.0m but retain our EBITDA estimate. We hold off adjusting FY22 forecasts but the high st ....