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LoopUp Share Price Crashes Over 50% on Lower Profit and Revenue Guidance

LoopUp
Nigel F

Shares of LoopUp Group PLC (LON: LOOP) collapsed over 50% this morning after the company said it expects full-year revenue and EBITDA to come lower-than-expected.

Full-year revenue is expected to be no less than £50 million while underlying earnings (EBITDA) are projected at no less than £15 million, which is 134% higher compared to a year ago.

Moreover, LoopUp noted that it has continued to witness tough trading conditions in its non-Professional Services (PS) unit, which amounts to 14% of its revenue. Its core business – Professional Services, Meetings and Events – has continued to perform in a strong fashion.

“Looking forward, our priority is to cement and grow the strong position we have built in our core PS market, where external communications are business critical and warrant a best-in-class capability,” the company said in the statement.

LoopUp share price crashes on profit and revenue warning November 2020

LOOP share price now trades at 95p, or 38.8% lower on the day after hitting the lowest levels seen in 7 months.

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Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.