RE: 5 days 12% down, 1 month 42%, 6 months 80%3 Feb 2022 11:59
sure - so minimum analyst consensus on EBITDA was 171.4m, and it will now be somewhere between 161 (-10m/-6%) and 167m (-4m/-2.5%)
whilst these numbers look ok, I think the bigger issue is that just 3 months ealier (at q3) THG esp whitehead confidently guided that margin was broadly unaffected (assumption was 8%) so in three months to lose that much margin (remember its full year margin), means margin dropped from circa 9% in 2020 and s1 2021 to circa less than 6% in s2 2021 - thats the big issue, and likely to continue into 2022
market no longer trusts their numbers...hence why in the analyst call they kept pushing on exceptional costs etc etc
little to no faith