UP Global Sourcing Holdings (GB:ULTP) has released an update.
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Ultimate Products PLC reported a 6.5% decline in revenue to £155.5m for FY24, affected by overstocking and weak consumer demand in the UK. Despite the challenges, the company saw a 7% increase in international sales, particularly in Europe, and maintained a steady gross margin. The firm remains optimistic about future growth, driven by its operational improvements and strategic focus on international markets.
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