Brief: Softline Holding Q4 2021 Turnover Growth Increased By 25.4% YoY To $534M

Noventiq Holdings

24/05/2022 07:10

May 24 (Reuters) - Softline Holding Plc  SFTLq.L :
    * SAYS Q4 2021 TURNOVER GROWTH INCREASED BY 25.4% YOY TO
$534M
    * SAYS Q4 2021 GROSS PROFIT INCREASED BY 51% IN CONSTANT
CURRENCY
TO $75.5M
    * SAYS FOR FY 2021 ENDED 31 MARCH 2022, ADJUSTED EBITDA WAS
$70.7M, UP 35.8% COMPARED TO $52.1M FOR FY 2020
    * SAYS FOR Q1 FY 2022, SOFTLINE EXPECTS YEAR-OVER-YEAR
TURNOVER
GROWTH OF AT LEAST 15%
    * SAYS  EXPECTS TO DELIVER POSITIVE ADJUSTED EBITDA FOR
GROUP IN
Q1, INCLUDING IN RUSSIA OPERATION
    * SAYS AS IT RELATES TO GROSS PROFIT OVERALL FOR Q1,
SOFTLINE
EXPECTS YEAR-OVER-YEAR GROWTH OF AT LEAST 25%
    * SAYS WILL CONTINUE TO REVIEW SITUATION, AND WILL PROVIDE
LONGER
TERM GUIDANCE AT APPROPRIATE TIME
    * SAYS CASH POSITION AS OF 31 MARCH 2022 WAS $335M
    * SAYS HAS INCREASED ITS STOCK TOWARDS END OF Q4 IN
ANTICIPATION
OF DEMAND FOR HARDWARE AND LIMITED SUPPLY IN SOME REGIONS OF
OPERATIONS
    * SAYS THIS IS A TEMPORARY BALANCE AND MANAGEMENT EXPECTS
THAT
STOCK WILL BE SOLD DOWN BY END OF MAY 2022

Source text for Eikon:  ID:nRSX5095Ma 
Further company coverage:  SFTLq.L 

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