K-Bro Linen (TSE:KBL) has released an update.
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K-Bro Linen Inc. has reported a strong start to 2024, with a 13.3% increase in consolidated revenue and a $1.3 million rise in EBITDA in Q1, despite a slight decrease in net earnings and EBITDA margin. The company has expanded its market reach by acquiring Shortridge Ltd., a UK-based hospitality laundry provider, and has secured a substantial $175 million credit facility to support future growth and acquisitions. This strategic move indicates a positive outlook for K-Bro, with a focus on extending its footprint in the UK and pursuing further growth opportunities.
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