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PMV - Premier Investments News Story

A$21.1 -0.4  -1.7%

Last Trade - 26/02/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.88bn
Enterprise Value £1.88bn
Revenue £684.7m
Position in Universe 146th / 1832

BUZZ-Australia's Premier Investments marks best day in nearly 10 months on upbeat HY forecast

Tue 12th January, 2021 11:59pm
** Shares of Premier Investments Ltd  PMV.AX  rise as much
as 18.7% to A$26.7, their biggest intraday pct gain since March
20, 2020
    ** The apparel retailer expects first-half EBIT to be in the
range of A$221 mln to A$233 mln ($171.69 mln-$181.02 mln),
accelerated by online sales  urn:newsml:reuters.com:*:nASXLZgsc
    ** HY online sales were up 60% at $146.2 mln - making up
20.4% of the total group sales
    ** Says total sales for HY were up 5% at A$716.9 mln
    ** Stock PMV is biggest percentage gainer in the S&P/ASX 200
index  .AXJO 
    ** Stock gains 25.3% through 2020 while the benchmark
 .AXJO  nearly halved in value last year

    ($1 = 1.2872 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))
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