Top line growth was 26.6% in FY20, despite a refocus away from unprofitable online regions (e.g. Russia) and a drag in Q4 from adverse weather/flooding. In highly fragmented UK/European markets, and potentially supported by accelerated structural change post CV19, there remains a significant growth opportunity both online and offline for the lead consolidator. Weak bottom line contribution highlights the benefit that changes being implemented under a strengthened management team should yield.
03 Jun 2020
Liquidity is sufficient, and ANG now poised to relaunch its stores
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Liquidity is sufficient, and ANG now poised to relaunch its stores
Angling Direct Plc (ANG:LON) | 34.2 -0.2 (-1.4%) | Mkt Cap: 26.4m
- Published:
03 Jun 2020 -
Author:
Matthew McEachran -
Pages:
4
Top line growth was 26.6% in FY20, despite a refocus away from unprofitable online regions (e.g. Russia) and a drag in Q4 from adverse weather/flooding. In highly fragmented UK/European markets, and potentially supported by accelerated structural change post CV19, there remains a significant growth opportunity both online and offline for the lead consolidator. Weak bottom line contribution highlights the benefit that changes being implemented under a strengthened management team should yield.