Naked Wines plc (GB:WINE) has released an update.
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Naked Wines plc reported a challenging fiscal year with total sales decreasing by 18% year-on-year to £290m and a statutory loss before tax of £16.3m, slightly higher than the previous year’s £15.0m loss. Despite this, the company generated net cash exceeding expectations at £20m and has completed a new credit facility to improve liquidity. Looking ahead, Naked Wines is focusing on returning to profitable growth, having addressed cost and liquidity concerns, with a revenue forecast between £240m and £270m for FY25.
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