2nd Dec 2020 11:24
Angling Direct PLC - Norwich, Norfolk-based fishing equipment retailer - Confirms all 38 of retail stores have reopened as UK government restrictions lifted on Wednesday. Online service continued uninterrupted throughout the England lockdown. Says sales in nine-months ended October 31 up 31% annually to GBP54.5 million and says trading over Black Friday period in line with expectations. Says annual pre-IFRS 16 earnings before interest, tax, depreciation and amortisation to be not less than GBP3.8 million, topping market expectations and much improved from a pre-IFRS 16 Ebitda loss of GBP500,000 in the year that ended this past January 31. IFRS 16 is an accounting rule governing the the financial treatment of leases.
Current stock price: 67.55 pence
Year-to-date change: down 6.8%
By Eric Cunha; [email protected]
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