UK's Wickes jumps on upbeat annual profit forecast
28/01/2025 08:34
** Shares of British home improvement retailer Wickes Group
WIX.L up 7.8% at 165.9 pence
** WIX expects 2024 adj pretax profit at higher end of
analysts forecast
** "We've grown sales & volumes in Retail, & TradePro had
yet another period of double-digit sales growth," says CEO David
Wood
** Panmure Liberum analysts notes balance sheet remains
strong and adds easing comparatives should ensure design &
installation business moves into positive territory throughout
next FY
** Stock up ~5.7% in 2024
(Reporting by Ankita Bora in Bengaluru)
((Ankita.Bora@thomsonreuters.com))