Altitude Group PLC (AIM:ALT) belied its name with a 16% share price drop today as it said trading had been affected by the run-up to the US election and severe weather.
Revenue was still growing, the promotional products specialist added, with sales in the first half of the year up by 20% and underlying profit by 9% over the same period a year ago, but these rates were slower than the last full year.
“With the US election completed, there is consensus that this will drive growth in the near term within the US economy, and market indicators and industry consensus points to a return to year-on-year growth in calendar third quarter,” it said.
Shares fell 5.5p to 28.5p.