Naked Wines plc

FY23 guidance arrives

  • Sectors : Disruptive Technology
  • Companies : Naked Wines plc

Ratings and price correct at time of issue.

  • Naked Wines plc

    Closing Price: 287p

  • RATING 06/10/21

  • PREVIOUS RATING N/A

DAVY VIEW

With the tough comparison of its lockdown-boosted FY21 now over, having delivered just +3% year-on-year (yoy) revenue growth in FY22, Naked Wines (WINE) has provided its FY23 guidance. Revenue is to remain broadly flat at £345-375m (-4% to +4% yoy on a constant currency (ccy) basis) compared to the £389.0m (+11.2% yoy) expected by FactSet consensus. As profitability comes to the fore in capital markets, WINE guides to be adjusted EBITDA breakeven compared to the £3.0m (0.8% margin) expected by consensus.

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Jun 23 2022, 08:10 IST/BST

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