22nd Jul 2020 11:14
Eve Sleep PLC - online mattress seller - Expects revenue of GBP12.2 million for the six months to June 30 versus GBP12.9 million recorded a year ago. Underlying loss before interest, tax, depreciation and amortisation reduced year-on-year by 80% to GBP1.2 million from GBP5.9 million loss. Revenue and Ebitda loss ahead of the board's expectations. Net cash at June 30 of GBP9.1 million. May and June trading was ahead of the board's expectations and the momentum has continued into July, buoyed by a strong homewares market, effective and efficient marketing and online proposition. Retains annual expectations but increasingly confident in the outturn for 2020.
Current stock price: 2.25 pence
Year-to-date change: up 22%
By Tapan Panchal; [email protected]
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