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Angling Direct delivers strong Q2 growth thanks to acquisitions and new store openings

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The UK’s largest fishing tackle retailer delivered strong growth during the key second quarter of trading with store revenue in the region increasing 8.4%, largely due to newly acquired stores and those opened during the period.

Angling Direct’s revenue increased by 5.6% to £45.8m with UK sales growing 6.2% to £43.5m, a 7.6% increase on the previous comparable period. The MyAD customer loyalty programme saw membership increase by 50% in the first half to over 330,000 members – up from 220,000 in January 2024 – with over 75% of UK revenues now transacted through the scheme.

During the period Angling Direct completed three acquisitions and opened two new stores to take its footprint to 52. It also secured a new logistics facility to support further roll out of own brand ambitions beyond 2025.

Steve Crowe, CEO of Angling Direct said: “We have delivered significant progress in the first half and I would like to thank the team for their continued dedication and hard work. We successfully completed three acquisitions and increased our store estate to 52 while also opening our first European store in the Netherlands.

“Online sales continued to increase and our focus on availability during peak season resulted in UK online business taking a greater share of the higher ticket item market.

“Looking forward, I am pleased that the strong trading has continued into the second half with revenue in the first two months increasing 19.8% on the same period last year, The solid foundations that we have established ensure that the group is well placed to take advantage of the significant growth opportunities available in the UK alongside prudent and controlled expansion in Europe, which will significantly grow our addressable market and support our longer-term growth ambitions.”

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