SurfStitch Group Limited
(ASX:SRF) says it has completed its European Integration plan ahead of schedule and lifted its EBITA guidance.
The online surf and sportswear retailer has disposed of its warehouse and offices in France and will now ship into Europe.
As a result of the consolidation SurfStitch Group says whilst revenue guidance of $199 million remains unchanged, earnings guidance has been lifted around 37 per cent to $7 million excluding one-time costs around the consolidation and other recent acquisitions.
Surfstitch Group listed in December and reported a net loss of $5.3 million for first 6 months of the 2015 financial year.
