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Angling Direct Prelim Annual Revenue Improves; Sees Results In Line With Market Expectations

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Angling Direct Plc (ANG.L), a provider of fishing tackle and related products, on Wednesday reported a rise in preliminary revenue for the full year.

In addition, the company said that it expects annual results in line with the market expectations.

For the 12-month period, Angling Direct recorded revenue of 81.7 million pounds, higher than last year's 74.1 million pounds.

UK sales stood at 77.4 million pounds as against 71 million pounds in 2022.

Retail store sales moved up to 44.4 million pounds from 41.3 million pounds a year ago.

Online sales were 37.2 million pounds, up from previous year's 32.8 million pounds.

Angling Direct believes that current market expectations for the full year are revenues of 83 million pounds with pre-IFRS 16 EBITDA of 2.7 million pounds.

The company is scheduled to publish its annual results on May 14.

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