H1 results are backward looking, but there is encouragement given improving traction from its strategic and operational initiatives and a £6m EBITDA improvement. Crucially, this continued over peak and into Jan, with stores delivering improved sales/margin performance. This sees EBITDA guidance re-iterated. Operational e-com problems (3rd party DC) aren’t helpful but are fixable. Confidence in growth delivery is building, and a new strategic objective of £375m sales and £23m EBITDA has been fram ....

24 Jan 2025
FY EBITDA on track and growth objectives lifted

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY EBITDA on track and growth objectives lifted
TheWorks.co.uk plc (WRKS:LON) | 39.1 0.6 4.3% | Mkt Cap: 24.4m
- Published:
24 Jan 2025 -
Author:
Matthew McEachran -
Pages:
3 -
H1 results are backward looking, but there is encouragement given improving traction from its strategic and operational initiatives and a £6m EBITDA improvement. Crucially, this continued over peak and into Jan, with stores delivering improved sales/margin performance. This sees EBITDA guidance re-iterated. Operational e-com problems (3rd party DC) aren’t helpful but are fixable. Confidence in growth delivery is building, and a new strategic objective of £375m sales and £23m EBITDA has been fram ....