UP Global Sourcing Holdings plc reported un-audited group sales results for the six months ended January 31, 2018. The group revenues were £48.4 million compared to £68.1 million in last year. In addition, it should be noted that first half 2017 was an unusually strong period for the Group due to highly positive retailer sentiment (62% of fiscal year revenue was delivered in first half of 2017, as opposed to 53% and 54% in fiscal year 2016 and fiscal year 2015, respectively).

The Board now anticipates that the group will report a full year underlying EBITDA performance within a range of £6.0 million to £7.0 million, which is below current market expectations for fiscal year 2018.