Sales growth of 27% in FY’21 was slightly better than expected after a successful Q4 despite lock-down restrictions. This reflects its growing omni-channel status in fragmented markets. Previously upgraded EBITDA guidance of not less than £3.8m is well underpinned by this and progress on key strategic priorities, including gross margin expansion. While FY22 forecasts (set in early Dec) don’t factor in an extended lock-down until 12 Apr, these margin/efficiency gains also have positive implicatio ....
24 Feb 2021
Positive year end update despite lock-down 3.0
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Positive year end update despite lock-down 3.0
Angling Direct Plc (ANG:LON) | 34.2 -0.2 (-1.4%) | Mkt Cap: 26.4m
- Published:
24 Feb 2021 -
Author:
Matthew McEachran -
Pages:
3
Sales growth of 27% in FY’21 was slightly better than expected after a successful Q4 despite lock-down restrictions. This reflects its growing omni-channel status in fragmented markets. Previously upgraded EBITDA guidance of not less than £3.8m is well underpinned by this and progress on key strategic priorities, including gross margin expansion. While FY22 forecasts (set in early Dec) don’t factor in an extended lock-down until 12 Apr, these margin/efficiency gains also have positive implicatio ....