25 March 2024 - final results
The leisure goods and cycling group has announced its results for 2023 which have come in pretty much as expected. Revenues for the year were £22.2m (2022: £26.7m) and the group reported a loss before tax of £1.2m (2022: profit of £0.9m). As we mentioned in our update of 1 February, the year was challenging with pressure on consumer spending having a negative impact although at least the second half was better than the first. The fact that interest rates may begin to ease should help some recovery in consumer spending . . .
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