.4 Jan 2019 07:18
Shows why you need to read RNSs in full pre-buying.... G4M did look good but then last line here:
The Group has recorded overall sales growth of 41% for the Period, driven by significant customer demand, delivering strong growth both in the UK as well as Europe and the Rest of the World. Further sales growth in excess of expectations was constrained by our York distribution centre, which reached maximum capacity during the peak trading period between Black Friday and Christmas. Whilst there was an improvement in margins in the Period compared to H1 FY19, these capacity constraints prevented further sales growth compensating for the lower gross margins and, as a result, the Board now expects FY19 EBITDA to be slightly below FY18 levels.