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CMO Group PLC ( (GB:CMO) ) just unveiled an update.
CMO Group PLC announced its year-end trading update, expecting a decline in Adjusted EBITDA to approximately £0.5m for FY24, compared to £0.9m in FY23, with net debt remaining at £5m. Despite the financial challenges, the Group’s lending bank remains supportive, offering additional flexibility to meet working capital needs, and discussions about potential equity fundraising with major shareholders have shown indicative support.
More about CMO Group PLC
CMO Group PLC is the UK’s largest online-only retailer of building materials, focusing on providing a wide range of products to the construction and DIY market sectors.
YTD Price Performance: 2.78%
Average Trading Volume: 19,138
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.66M
See more data about CMO stock on TipRanks’ Stock Analysis page.
