Newly-listed firm puts brave face on EBITDA shortfall
Shares in Oldham-based Ultimate Products Global Sourcing, the developer of an extensive range of consumer goods brands, have tumbled in value by more than 40% after it said its EBITDA will be “below expectations” as it prepares to complete its first year as a listed company.
EBITDA for the whole year is now projected to be £6m and £7m, which the company said was less than originally forecast for FY 2018.
H1 revenue to January 31 was £48.4m, compared to £68.1m for the same period the prior year.
UP said it anticipated ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
