UK's CMO Group slides on cutting annual outlook

CMO

02/12/2022 16:28

** Shares of London-listed CMO Group  CMOC.L  down 8.7% to
31.5p 
    ** Cuts FY22 adjusted earnings before interest, taxes,
depreciation, and amortisation (EBITDA) estimates to about 2.2
mln pounds ($2.7 mln), from 3.7 mln pounds  urn:newsml:reuters.com:*:nTUC297NJP 
    ** Also revises FY revenue outlook to about 84 mln pounds,
from 86 mln pounds earlier 
    ** Adds that changes in customer buying patterns have
shifted some product sales to lower-margin categories
    ** Including session losses, stock has fallen ~79% YTD 
($1 = 0.8180 pounds)
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))