Angling Direct PLC (LON:ANG) said positive sales momentum has continued since updating the market at the start of December, although it has had to close 12 of its stores to shoppers other than click-and-collect customers following the UK government's weekend announcement on Tier 4 restrictions.
The company's other 26 stores and its web-store remain fully operational for both the UK and European sales, with the group's distribution centre geared up to fulfil increased demand through this channel.
The UK’s largest fishing tackle and equipment retailer said that, notwithstanding further restrictions affecting the rest of the store network, its board has reaffirmed that the company remains on track to deliver full-year 2021 underlying earnings (EBITDA) on a pre-IFRS 16 (financial reporting standard basis) of not less than £3.8mln and its balance sheet and liquidity position also remain strong.
Angling Direct reminded the market that angling has been deemed by the authorities as a legitimate health and wellness activity that can safely continue.