1 June 2021 - final results
Results for the 52 weeks ended 26 March 2021 have been released. Revenue slipped from £1,163m to £1,042m. Group EBIT excluding adjusting items was £44.2m (2020: £90.5m), which was marginally ahead of the range anticipated and outlined in a trading update in March. A statutory loss before tax of £52.8m was recorded versus a profit of £56.4m in the previous year. Bank leverage is expected to return to around 2.0x within 12-18 months of completion of the acquisition of Viridor. Financial performance was helped by support from . . .
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