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Ultimate Products (LON:ULTP) hosted an Investor Presentation for retail investors following the company's recent Trading Update for the period from 1 Feb to 30 Apr 2024.
Andrew Gossage (CEO) highlighted how trading has been impacted by a slowdown in near-term sales from landed stocks, typically at higher gross margins, reflecting the broader slowdown seen in retail sales to consumers. Updated expectations for FY24 have now been communicated, but management outlined reasons for confidence in the Group's prospects for FY25. There was also a detailed Q&A session with numerous questions having been submitted by viewers.
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