Coronavirus pushes The Works into the red
// The Works swings to £18m loss after “significant” coronavirus impact
// Adjusted pre-tax profit nose dived 65.2% to £2.4m, while EBTIDA dropped 22.3% to £10.8m
// Revenue grew 3.5% & like-for-likes increased 0.67%, but these were slower than the growth recorded in 2019The Works has swung to a pre-tax loss on the back of a dramatic slowdown in full-year sales and like-for-likes amid the “significant impact” of the coronavirus pandemic.
The discount
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