MySale Group issues profit warning following challenging Q2

The MySale Group Plc has said that in the second quarter, the peak trading period, the ongoing disruption caused by the legislative changes has been more acute than anticipated and there has been a negative impact on the group’s revenue and particularly gross profit. The board currently expects the outcome of FY19 to be significantly below market expectations, with a small underlying EBITDA loss in the first half. However it is anticipated that the measures taken to reduce costs and improve margins will result in significantly improved performance in the second half of the year, delivering a small underlying EBITDA profit for the full year.