UP Global Sourcing Holdings PLC (LSE:UPGS) dipped 8% on Tuesday after the home wear brands portfolio company released its 2023 interim trading update.
Unaudited group revenues increased 2% to £87.6m in the first half, while net-debt-to-EBITDA leverage improved from 1.3x to 1.0x.
Full-year performance is expected to be in line with current market expectations.
However, investors seemed unimpressed, dragging UP Global’s share down to 153p with a market capitalisation of £137mln.