The group’s new distribution centre in Holland is now fully operational, a significant milestone. With its leading multi-channel model, new EU DC and financial resource to accelerate growth, ANG looks well placed to capitalise on the opportunities ahead, grow its market share and expand profitably. This is not priced in, though, trading on only 3.9x EV/EBITDA to Jan’23 before adding anything in for Europe, where there is clearly a value creation opportunity.
16 Mar 2022
New DC operational in Europe to re-accelerate growth
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New DC operational in Europe to re-accelerate growth
Angling Direct Plc (ANG:LON) | 35.5 0 0.0% | Mkt Cap: 27.4m
- Published:
16 Mar 2022 -
Author:
Matthew McEachran -
Pages:
3
The group’s new distribution centre in Holland is now fully operational, a significant milestone. With its leading multi-channel model, new EU DC and financial resource to accelerate growth, ANG looks well placed to capitalise on the opportunities ahead, grow its market share and expand profitably. This is not priced in, though, trading on only 3.9x EV/EBITDA to Jan’23 before adding anything in for Europe, where there is clearly a value creation opportunity.