12th Jan 2021 17:23
Appreciate Group PLC - Liverpool-based multi-retailer - Says underlying billings in third quarter, which ended December 31, up 13% to GBP96.4 million. This includes 42% increase in December to GBP45.5 million, marking the company's "best ever month". Expects to deliver full-year performance for financial year to March 31 "at least in line with the mid-range scenario" set out in its 2020 annual report, though the latest lockdown measures may delay some revenue and profit.
"I'm delighted to report that the Group has delivered a strong performance during its important Q3 peak trading period. As a seasonal business, the Group's performance has reflected the swing to profitability that we typically see in the second half of the financial year and the acceleration of our strategy to strengthen our digital capability has ensured a Q3 performance well ahead of last year," says Chief Executive Ian O'Doherty.
Current stock price: 36.40 pence; up 12% on Tuesday
Year-to-date change: up 15%
By Lucy Heming;Â [email protected]
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