EBITA for FY18 expected to be c. £234m, -15% YoY, and in line with expectations (guidance £225m - £245m). Online delivered a good performance, growth in the US was excellent where the US business was broadly at break-even and retail reduced YoY (no YoY revenue performance metrics released). Cash offer for MR Green (MRG) for 92% of shares completed today, and offer for remaining 8% extended to 31 Jan, though all conditions for acquisition were met.
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Trading update
- Published:
21 Jan 2019 -
Author:
Michael Campbell -
Pages:
4
EBITA for FY18 expected to be c. £234m, -15% YoY, and in line with expectations (guidance £225m - £245m). Online delivered a good performance, growth in the US was excellent where the US business was broadly at break-even and retail reduced YoY (no YoY revenue performance metrics released). Cash offer for MR Green (MRG) for 92% of shares completed today, and offer for remaining 8% extended to 31 Jan, though all conditions for acquisition were met.