The PAS Group Limited Provides Earnings Guidance for the Second Half of and Year of 2015
For the second half, the company expected EBITDA to be in the range of $11.3 million - $12.8 million. The key contributing factors in the improved second half of 2015 results relative to first half of 2015 have been: An improvement in the performance of the Designworks business due to the success of the new brands and licences launched; Second half growth in Black Pepper delivered through like for like sales growth and the new store roll out program; Second half performance and year on year growth in Review delivered through new stores and online sales growth; Following the introduction of the revised product range, improved second half wholesale performance in Metalicus; and Continued growth in online sales across all retail brands.