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Artisanal Spirits Company PLC ( (GB:ART) ) has issued an announcement.
Artisanal Spirits Company PLC reports it is on track to meet its FY24 EBITDA forecast, reflecting a significant year-on-year improvement. The company has seen a growth in SMWS membership and is reducing its net debt, despite challenging market conditions. Additionally, ASC announces a strategic investment in its US operations, aiming to enhance growth in the ultra-premium whisky market. The company expects to continue its profitable growth trajectory into FY25 and FY26, with improved cash flow and a reduction in net debt.
More about Artisanal Spirits Company PLC
Artisanal Spirits Company PLC, based in Edinburgh, specializes in creating and selling limited-edition whiskies and experiences globally. The company owns The Scotch Malt Whisky Society, Single Cask Nation, and J.G. Thomson, boasting a stock of over 18,000 casks from 150 distilleries across 20 countries. With a direct-to-consumer model, it operates primarily through e-commerce and member rooms in the UK, catering to a global audience in markets such as the USA, China, Europe, Japan, Australia, and Taiwan.
YTD Price Performance: -23.47%
Average Trading Volume: 21,222
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £26.46M
Learn more about ART stock on TipRanks’ Stock Analysis page.