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Evening Standard
Evening Standard
Business
Simon Hunt

Made.com shares plummet on profit alert and finance chief exit

Made Adrian Evans Supply chain

The retailer has been forced to put up prices after being hit by soaring shipping costs.

(Picture: Made.com)

Made.com lost a fifth of its value today after the online furniture retailer U-turned on an earlier forecast of turning a profit this year and announced its CFO was leaving.

Shares fell 22% in early trading after the company posted a 10% drop in sales in the first quarter. Made was hit by falling consumer demand and supply chain disruption.

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