An in-line Q4 means ANG will deliver recently upgraded EBITDA of at least £5.0m. This includes lost trading days offline (lock-down 3.0), online (cyber incident) and investment to establish its EU fulfilment capability, which launches soon. While alert to the various macro challenges, ANG is well placed to capitalise on the growth opportunities ahead, especially in Europe. With an EV of just £26m, and on 0.3x EV/sales (6x Jan’23 EV/EBITDA), the investment case is compelling.
22 Feb 2022
Encouraging year-end update and positive outlook
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Encouraging year-end update and positive outlook
Angling Direct Plc (ANG:LON) | 34.2 -0.2 (-1.4%) | Mkt Cap: 26.4m
- Published:
22 Feb 2022 -
Author:
Matthew McEachran -
Pages:
3
An in-line Q4 means ANG will deliver recently upgraded EBITDA of at least £5.0m. This includes lost trading days offline (lock-down 3.0), online (cyber incident) and investment to establish its EU fulfilment capability, which launches soon. While alert to the various macro challenges, ANG is well placed to capitalise on the growth opportunities ahead, especially in Europe. With an EV of just £26m, and on 0.3x EV/sales (6x Jan’23 EV/EBITDA), the investment case is compelling.