UK's Angling Direct H1 revenue, profit rise on strong demand
UK's Angling Direct H1 revenue, profit rise on strong demand
Overview
UK fishing tackle retailer's H1 revenue rose 5.1% year-on-year
Adjusted EBITDA and basic EPS both increased year-on-year in H1
Company has acquired about 12% of shares since December 2024, returning £4.1 mln to shareholders
Outlook
Company says it is trading in line with full-year market expectations of FY27 revenue of £109.1 mln and adj EBITDA of £5.7 mln
Company reports 10.7% revenue growth in August and September amid volatile pricing environment
Result Drivers
ONLINE SALES GROWTH - Co said UK online sales rose 7.5% in H1, driven by MyAD loyalty programme and 'shop the range' technology
OWN BRAND PROFITS - Co said higher margin own brand gross profit grew about 22% in H1, supported by new ranges and improved sourcing
OMNI-CHANNEL CUSTOMER GROWTH - Co said omni-channel customers rose 8.3% in H1, with higher frequency and average transaction value
Company press release: ID:nRSM6420Ya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Gross Margin |
| 37.80% |
|
H1 Basic EPS |
| GBP 0.03 |
|
H1 Gross Profit |
| GBP 21.30 mln |
|
H1 Pretax Profit |
| GBP 3.11 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Angling Direct PLC is GBp81.50, about 50.9% above its October 12 closing price of GBp54.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)