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Altitude - New wins leave campus gear shops with annualised sales of US$9m

September 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Altitude’s full-year results to the end of March revealed impressive growth, with sales +33% to £24m. However, it’s the rise in gross profit - a key indicator of operational health - that truly stands out, climbing 25% to £10.4m, driven by accelerated growth in its GearShops segment. Pretax profit saw a notable 30% increase to £1.2m, with eps further boosted to 2.6p thanks to a £0.7m tax credit. The Services division, which caters to the SME promotional goods distributors in North America, demonstrated steady performance. With a client base of 2,262 members (10% of North American distributors), this segment saw sales grow by 5% to £8.7m made up of software subscriptions to their SaaS platform, preferred supplier fees and ancillary ...

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Altitude - Forecast eps of 7.5p rising to 15.5p (February 2019)

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Altitude - Second bite at the cherry (November 2017)

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