StockMarketWire.com - Fishing tackle and equipment retailer Angling Direct said Monday it expected annual sales to jump by more than third as international sales nearly doubled.

For the 12 months ended 31 January, the company expected to report revenue £42.0m, up 38.9% compared with the same period the previous year.

International sales increased by 98% to £4.66m, accounting for 20.9% of the group's online sales, a rise from 13.8%, following the launch of the group's German website in June 2018 and Netherlands and French websites which went live toward the end of the year.

In-store sales were £19.74m, an increase of 50% overall and up 6.2% on a like for like basis, the company said. Online sales grew to £22.26m, an increase of 30.3%.

'The group has entered its new financial year in a strong position to continue its strategy to grow both organically and by acquisition and the board remains confident that Angling Direct will achieve its targets for the year,' the company said.

At 8:20am: [LON:ANG] Angling Direct Plc share price was +1p at 73.5p



Story provided by StockMarketWire.com