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Mind Gym PLC - London-based personal and business coaching service - Expects revenue of £20.2 million in the six months to September 30, down 3% from £20.9 million a year prior. Highlights a strong performance in Europe, Middle East & Africa with revenue up 24% at £12.1 million. In contrast, says performance in the US has been impacted by the challenging market conditions, with revenue expected to be down 27% to £8.1 million. Notes ‘sustained reduction’ in client spend in the US. Despite the sales fall, expects return to earnings before interest, tax, depreciation and amortisation profitability in the first half versus the £4.1 million loss a year ago. Expects second half revenue to be in line with the first half given the challenging market conditions. Says expectations for financial 2025 adjusted Ebitda remain unchanged. Further, confirms Emily Fyffe has been confirmed as chief financial officer effective Tuesday, succeeding Dominic Neary. Fyffe joined MindGym in 2016, and was announced as CFO Designate in August. Current stock price: 20.00 pence, down 4.8% in London on Tuesday 12-month change: down 44% Copyright 2024 Alliance News Ltd. All Rights reserved.
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