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Sep 22 2021, 06:55 IST/BST
In the Style Group plc
Raw honey…
- Companies : Itsarm plc
DAVY VIEW
We forecast 20/23 revenue CAGR of c.+32% for In The Style (ITS) and expect the genuinely differentiated and influencer-led business model, which plays so well to the thematics of inclusivity and empowerment, to continue to take market share. In FY21A, revenue was £44.7m, +132% growth, with Q1 22 delivering c.+44% revenue growth. Execution remains the core challenge. We initiate with an ‘Outperform’ rating and a price target of 255p.
