Kitwave Group anticipates continued growth and strategic acquisitions

Kitwave Group PLC (GB:KITW) released an update.

Kitwave Group PLC reports revenue growth of 8% to £297.0m and a stable gross margin of 21.5% in its unaudited half-year results for the first half of 2024. The company has also made strategic investments, including the acquisition of two foodservice businesses, and is anticipating long-term benefits from the second half of 2024. Amid a slight decline in operating profit due to investment and lower demand in the foodservice sector, Kitwave remains optimistic that it will meet full-year market expectations.

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