Banking discussions remain ongoing as previously announced, and it has received the necessary agreement to roll forward its financial covenant test periodically. Prelims are expected to be announced in May, by which time it is hoped these discussions will be concluded. Trading in Q1 was impacted by Omicron/footfall though. While both product availability and margin are strengthening, and the Daily roll-out remaining on track, we have downgraded EBITDA by 17%/11% for the year to Nov’22/23 to acco ....
28 Feb 2022
Media response and trading update
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Media response and trading update
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
- Published:
28 Feb 2022 -
Author:
Matthew McEachran -
Pages:
3
Banking discussions remain ongoing as previously announced, and it has received the necessary agreement to roll forward its financial covenant test periodically. Prelims are expected to be announced in May, by which time it is hoped these discussions will be concluded. Trading in Q1 was impacted by Omicron/footfall though. While both product availability and margin are strengthening, and the Daily roll-out remaining on track, we have downgraded EBITDA by 17%/11% for the year to Nov’22/23 to acco ....