Revenue Increase
Revenue increased to GBP 257 million, reflecting both price increases and acquisitions made last year. Organic growth overall was 1.4%.
Improved EBITDA Margin
Adjusted EBITDA increased to GBP 75.4 million, resulting in an improved margin of 29.3%, up from 28.3% in the first half of last year.
Energy Cost Reduction
Energy costs reduced to 7.8% of revenue in the first half, compared to 9.4% in the first half last year.
Workwear Retention Levels
Workwear retention levels are at 94%, nearly back to historic levels of 95%.
Successful Consultation and Share Buyback
Successful consultation regarding moving to main market, with a further GBP 25 million buyback announced.
Sustainability Achievements
Awarded a silver medal for EcoVadis and published the fourth sustainability report. Efforts continue to reduce plastic use and invest in solar energy.
Workwear Financial Performance
Workwear revenue increased to GBP 72.1 million, with an improved EBITDA margin of 35.9%.