9th Dec 2021 12:24
(Alliance News) - Made.com Group PLC said on Thursday that worsening supply chain disruptions are expected to delay a greater proportion of revenue to early 2022.
Shares in Made.com were down 14% at 115.00 pence on Thursday in London following the announcement.
The London-based online homeware and furniture retailer lowered its 2021 revenue guidance to a range of GBP365 million to GBP375 million, down from GBP410 million previously.
Made.com also announced it expects to swing to a loss before interest, tax, depreciation and amortisation range of GBP12 million to GBP15 million. In June 2021, Made.com reported GBP1.1 million in earnings before interest, tax, depreciation and amortisation for its first half.
The retailer reconfirmed its gross sales guidance of 40% year-on-year growth to GBP440 million and said its second half performance had been "strong".
Made.com said it would provide a year-end trading up date in January.
By Heather Rydings; [email protected]
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