In the UK, as Quarto prepares for their special shareholders meeting next week with chairman Laurence Orbach’s board seat on the line, the company issued a short trading update on their third quarter. In classic British style, they don’t report directly on the quarter itself but rather update result for the past 9 months. Add a little arithmetic and you see that sales of $54 million fell $4.2 million in the quarter, down 7 percent, and EBITDA fell to $10.5 million in “subdued trading” that saw “some improvement in September.” They say the weak spot was their “home improvement and […]
