MySale Group PLC, down 39% at 2.02p, was the top faller on Tuesday morning after the board issued a cautious outlook statement.
The international online retailer reported a slump in underlying earnings (EBITDA) to A$1.0mln in the second half of 2021 compared to EBITDA of A$2.5mln in the same period of 2020 as supply chain volatility hit the bottom line.
“The group has worked hard to navigate recent headwinds in lower consumer demand driven by the impact of the Omicron variant and supply chain challenges. The group’s increased inventory position is of … high quality. Notwithstanding these challenges, we remain confident and are well-positioned to capitalise on the long-term opportunity for the group,” said Kalman Polak, the chief executive officer of the company.
The trading update from Smartspace Software PLC (LSE:SMRT) was a lot more cheery and sent the smart building software specialist 9.9% higher to 72.5p.
The company revealed that results for the full year ending 31 January 2022 are expected to be slightly ahead of market expectations.
The underlying loss of “not more than £2.5mln” is slightly ahead of market expectations.
