Altitude has released a trading update for the year to 31 March 2024 confirming Management expects FY24 results to at least meet market expectations. Our unchanged forecasts show annual revenue growth of 38.9% in FY24 as the Group’s Merchanting division expanded significantly, driven by increased numbers of sales Affiliates and by the US Gear Shops. This translates to adjusted PBT growth of 29.4% to £1.2m on our FY24 estimates. In line results also means that over the last two years both revenue ....
01 May 2024
Altitude Group (ALT LN) - Trading update confirms rapid growth in FY24 - Correction
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Altitude Group (ALT LN) - Trading update confirms rapid growth in FY24 - Correction
Altitude Group plc (ALT:LON) | 41.0 0 0.0% | Mkt Cap: 29.2m
- Published:
01 May 2024 -
Author:
Andy Hanson | Carl Smith, CFA -
Pages:
7
Altitude has released a trading update for the year to 31 March 2024 confirming Management expects FY24 results to at least meet market expectations. Our unchanged forecasts show annual revenue growth of 38.9% in FY24 as the Group’s Merchanting division expanded significantly, driven by increased numbers of sales Affiliates and by the US Gear Shops. This translates to adjusted PBT growth of 29.4% to £1.2m on our FY24 estimates. In line results also means that over the last two years both revenue ....