13th Jul 2022 11:15
CMO Group PLC - online building materials retailer based in Plymouth, England - Records revenue growth of 10% in the 27 weeks to June 30, compared to the same period a year before. Says it has been experiencing higher carriage costs and supplementary product price charges. Adds that these factors have hurt its margin performance in the short term.
Expects these trading challenges to continue in the second half and first half of 2023. Expects to see "less strong growth" in the short term, as a result.
Anticipates annual revenue of at least GBP86 million, reflecting a 13% increase from GBP76.3 million the year before. Expects adjusted earnings before interest, tax, depreciation, and amortisation to be similar to 2021 levels of GBP3.7 million.
Current stock price: 40.00 pence, down 48% on Wednesday
12-month change: down 75%
By Abby Amoakuh; [email protected]
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