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The latest update is out from Kitwave Group PLC ( (GB:KITW) ).
Kitwave Group PLC reported a strong financial performance for the fiscal year ending October 2024, with revenues rising by 10.2% to £663.7 million and an increase in gross profit margin. The company completed three significant acquisitions, expanding its Foodservice division and UK network, and invested in new technologies and infrastructure to support growth. The Group’s strategic focus on IT, delivery infrastructure, and mergers and acquisitions has resulted in enhanced operational efficiencies and customer satisfaction, positioning it well for future growth.
More about Kitwave Group PLC
Kitwave Group PLC is a delivered wholesale business operating in the UK, focusing on expanding its Foodservice division. The company is involved in the wholesale distribution of food and drinks, with a strategic emphasis on enhancing its network and operational efficiencies.
YTD Price Performance: -11.61%
Average Trading Volume: 156,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £223.6M
Find detailed analytics on KITW stock on TipRanks’ Stock Analysis page.