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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 and sales mix begin to normalise. The fishing tackle and equipment retailer is also focused interna...

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 swung to a pre-tax profit of £2.6m, up from a loss of £1.5m. The figures reflect surging interest i...