UP Global Sourcing Holdings plc provided earnings guidance for fiscal 2020. The company is continuing to make sales via online and to retailers that remain open, albeit at a reduced level. Total invoiced revenue for fiscal 2020 as at 24 April 2020 was £85.9 million (FY 19: £90.6 million).

Until early March, the Group was trading well and in line with expectations, despite the supply chain challenges in China. However, the prevailing issues on the demand side mean that the Board is anticipating a significant drop in revenue in second half of fiscal 2020 compared to previous expectations which will impact the overall profitability for fiscal 2020. The overall picture remains volatile and unpredictable making it difficult to forecast.