8th Sep 2021 15:34
Ten Lifestyle Group PLC - London-based concierge platform - Expects to report net revenue for the financial year that ended on August 31 in line with market expectations of GBP34.8 million but below the prior year's GBP44.2 million, due to the adverse effects of the Covid-19 pandemic. Adjusted earnings before interest, tax, depreciation and amortization is expected to be marginally below the previous year's GBP4.8 million, despite significantly lower net revenue, reflecting improved efficiencies and effective cost management in response to the effects of Covid-19 globally. In the last three months of the financial year to August, inbound requests from members, a lead indicator of improving demand, have increased across certain of Ten's core categories, it says.
Current stock price: 105.00 pence
Year-to-date change: up 20%
By Evelina Grecenko; [email protected]
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