Tasty plc (GB:TAST) has released an update.
Tasty plc has reported a 6.5% increase in year-on-year revenue, reaching £46.9m for the 53-week period ending December 31, 2023, with a notable growth in Adjusted EBITDA to £4.4m, up from £2.6m. Despite facing challenges from the cost of living crisis and interest rate hikes, the company has executed a post-year-end Restructuring Plan, resulting in operational savings, £750,000 in additional working capital, and a more focused estate of 37 trading sites. The Board is optimistic about future growth and improved EBITDA performance following the restructuring.
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