Woman cyclist riding Mountain Bike on highway

27 March 2023 - final results

The sports and leisure group has announced its results for 2022 and these are much in line with the trading statement issued last month.  Revenue for the year fell to £26.8m from £40.9m in 2021 as the group suffered from more challenging trading conditions with both the cycles business and the homes and gardens business having performed very strongly during the pandemic.  The sharp decline in revenues has led to a significant fall in adjusted pre-tax profits which have fallen to £1.17m from £4.86m in 2021.  Earnings per share fell . . .

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