Teract: stock dives after interims

(CercleFinance.com) - Teract shares have plummetted 25% today, after reporting a net loss of E40.
8m for H1 2023-24, albeit better than the -E132.5m in H1 2022-23, which included the exceptional effect of the cost of market access.

The gardening, pet care and food retailer posted adjusted EBITDA of E7.3m, on sales that rose 11.2% to E397.3m (but down 2.3% on a comparable basis).

Against a backdrop of persistent macroeconomic tensions and uncertainties regarding their evolution, and without any further deterioration in the environment, Teract still forecasts FY 2023-24 sales of E900m-E950m.


Copyright (c) 2024 CercleFinance.com. All rights reserved.