StockMarketWire.com - Fishing equipment retailer Angling Direct warned on profit as winter flooding hurt fishing activity.

The company said it expected to deliver an EBITDA) loss of no more than £0.5m following a disappointing trading period, post-Christmas.

The more cautious outlook came even as revenue for the year was expected to jump 26.5% to £53.1m, owing to a rise in both in-store and online sales.

In-store sales were £27.9m, an increase of 41.3% on the prior year period and up 12.0% on a like-for-like basis. Online sales grew to £25.2m, an increase of 13.3% on the prior year period.

The company's first store opening of the January 2021 financial year in Warrington saw record sales and attendance on opening day.

At 8:47am: [LON:ANG] Angling Direct Plc share price was -7p at 61.5p



Story provided by StockMarketWire.com