Angling Direct Plc (GB:ANG) has released an update.
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Angling Direct PLC, a leading UK and European fishing tackle retailer, announced a 10.2% revenue increase to £81.7 million in FY24, with a significant online sales growth and expansion of their retail stores. The company’s EBITDA grew by 21.0% to £2.7 million, and they reported a strong balance sheet with a net cash position of £15.8 million. These results are attributed to their omni-channel business model, MyAD customer loyalty club, and expansion into European markets including the opening of a new store in the Netherlands.
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