Kitwave Group PLC (GB:KITW) has released an update.
Kitwave Group PLC reports a revenue increase of 8% to £297.0 million and a stable gross margin of 21.5% in its unaudited interim results for the first half of 2024. The company has also made strategic investments, including the acquisition of two foodservice companies, and anticipates long-term benefits starting from the second half of 2024. Amidst a slight dip in operating profit due to investment and lower demand in the Foodservice sector, Kitwave remains optimistic about meeting full-year market expectations.
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