Wakefield-based greeting card and gift retailer Card Factory announced that its performance in the year ended January 31, 2023, includes revenue of £463.4 million.
The company said expected EBITDA will be at least £112 million and expected profit before tax will be at least £52 million “both of which are ahead of the expected outturn that was reported in the company’s January 2023 trading update.”
Card Factory shares rose about 11% to around £1.14 to give the firm a stock market value of about £388 million. The company’s shares have risen over 100% over the past 12 months.
Card Factory also issued an update on the timing of the publication of its preliminary results and its capital market strategy update.
It said Card Factory’s auditor, KPMG LLP, has requested additional time to complete its standard audit procedures and as a result, the group will now announce its results on Wednesday May 3, 2023, delayed from the previously announced release date of April 25, 2023.
“The board are assured by KPMG LLP that the delay is caused by a requirement for additional time to allow them to complete standard audit and completion procedures,” said Card Factory.