Ann: May 2021 Business Update, page-16

Whilst EBITDA downgrading is not ideal, the reasons are justifiable and I'm actually bullish here.

Currently shipping is nightmare, having excess inventory in this period is a great move as order fulfillment is more important in online retail than taking a bit of a warehousing hit. I expect consumer goods to have supply disruptions and significant cost increases as international freight rates increase (just check out current profitability on shipping lines).

I like the growth story here. Working through growing pains is necessary, but this is simply a blowout on costs, something that can definitely be fixed.