Page 8 - Angling Direct News Today

Investegate announcements from Angling Direct PLC, Notice of Results and Investor Presentation

Angling Direct revenue jumps on online sales, store reopenings

Covid physical-distancing rules also reel in more women to apply for rod licence applications

The new year has started well, with quarterly sales up 54% Angling Direct PLC (LON:ANG) said it will meet market expectations for the current financial year after swinging to a profit during the pandemic. In the three months to end-April, sales climbed 54%, with online up 42% and store sales up 75% despite closures. Assuming no further lockdowns, the AIM-listed group said it is well-placed to deliver profitable growth in revenues, albeit at a lower rate than the prior year as trading conditions...

Angling Direct reels in bumper results as pandemic fuels fishing frenzy Angling Direct has cashed in on growing interest in fishing during the pandemic Angling Direct today reported a sharp increase in revenue for the full year after Brits flocked to fishing during coronavirus lockdowns. The specialist fishing tackle and equipment retailer posted revenue of £67.6m in the year to the end of January, up more than 27 per cent on the previous 12 months. The Aim-listed firm also s...

100,000 new pandemic fishers boost business at Angling Direct By August Graham, PA City Reporter © Danny Lawson Anglers flocked to waterways last summer (Danny Lawson/PA) More than 100,000 new fishers took to the UK’s waterways last year as they escaped the Covid-19 pandemic, helping to deliver bumper sales at Angling Direct. The company said that the country had seen a 17% rise in annual fishing licences, and these new anglers visited its website – and shops when they we...

What I’d do about these 2 high-performing penny stocks now More on: Image source: Getty Images Last May, UK shares were still reeling from the impact of the stock market crash. Because bears ruled the day, their share prices were still quite low. But one year later, they have recovered quite a bit and that includes many penny stocks.  N Brown shows sharp share price rise One of them is the penny stock N Brown (LSE: BWNG), which is up 283% over the year. Yet its share pr...

11 May 2021 | 09:27am StockMarketWire.com - Fishing equipment retailer Angling Direct swung to a profit as sharp rise in annual sales boosted revenue. Martyn Page, currently executive chairman, said he intended to seek re-appointment to the board in the role of non-executive chairman at the companys 2021 Annual General Meeting. For the 12 months ended 31 January 2021, pre-tax profit was £2.6 million, compared with a loss of £1.5 million a year earlier, as revenue increased 27.1% to £67.6 mi...

Chairman Martyn Page said the firms high retail sales were due to customers clicking and collecting orders and substantial demand for its goods following the reopening of its stores when the first national lockdown ended.  The large pent-up demand built up whilst fishing was prohibited released with a flood of business from mid-June when stores reopened, whilst our online business continued to grow at pace, he remarked.  This proved that demand for well-located physical experiential stores, m...

Angling Direct reels in sales as staycations boost fishing for fun Tue, 11th May 2021 10:06 (Alliance News) - Angling Direct PLC on Tuesday reported strong annual results, as people prevented from taking foreign holidays went fishing instead. The Norwich-based retailer posted revenue for the financial year that ended January 31 of GBP67.6 million, up 27% from GBP53.2 million the previous year. Likely helped by lockdown restrictions, online sales of fishing equipment surged 40% to GBP35.3 millio...