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TheWorks.co.uk PLC - Birmingham-based retailer of arts, crafts, toys, books and stationery - Delivers ‘resilient’ performance in the year ended April 30 despite a ‘challenging backdrop’. Total sales increased 6.1% year-on-year to £316.6 million from £298.4 million. Stores sales, which represent just under 89% of total sales, deliver a like-for-like increase of 7.5%. Online sales, meanwhile, decline 15% year-on-year. Expects to report an adjusted earnings before interest, tax, depreciation and amortisation result for financial 2023 in line with company-complied market forecast estimate of £9.0 million. Adjusted Ebitda for financial 2024 seen at £10.0 million, which the company says is ‘comfortable’. Final results will be announced on July 21. Current stock price: 36.20 pence, up 22% in London on Thursday 12-month change: down 28% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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