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UP Global Sourcing on the up as it raises expectations

Notwithstanding the higher overhead costs associated with servicing the increased revenue, the group now anticipates that its EBITDA performance in fiscal 2019 will be above the market's current expectations
Man at airport with luggage
Up, up and away - UP's brands include luggage brand, Constellation

Consumer goods company UP Global Sourcing Holdings PLC (LON:UPGS) expects underlying earnings in the current fiscal year will be above expectations.

The company said the positive momentum the group reported in November when it published its fiscal 2018 results had continued.

READ: UP Global Sourcing eyes overseas expansion as Britain tightens its belt

There has been stronger than expected revenue growth across each of the four main segments Ultimate Products targets, namely discounters, UK supermarkets, online platforms, and international customers, with international business continuing to account for a larger share.

The group will announce its half-year results on February 11.

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