Kitwave books record first half but warns of tougher trading ahead

Kitwave Group H1 revenues increase by 26.7% - Better Wholesaling

The Kitwave Group's H1 revenues have increased by 26.7% to £376.2m year on year, with adjusted operating profit up 21.9% to £13.2m

Kitwave shares fall 22% amid revised expectations – Northern Financial Review

Shares of North Shields-based “delivered wholesale” business Kitwave Group plc fell 22% after it warned in its interim results that it has revised its expectations for the financial performance of the group “during the current financial year and beyond.” In its outlook, Kitwave said: “Since the pre-close trading update, the volatility in the macroeconomic backdrop has caused a more pronounced fragility in consumer confidence which is adversely a…

Wholesaler Kitwave makes takeover vow as taxes bite

A wholesaler has pledged to continue a takeover drive after chalking up record first-half revenues and operating profits – but warned tax rises and falling consumer confidence are set to hit performance. Kitwave Group saw earnings jump 26.7 per cent to £376.2 million in the six months to April 30, with…

Kitwave books record first half but warns of tougher trading ahead

The fast growing wholesaler has downgraded expectations for adjusted operating profit amid higher costs and waning consumer confidence but says it has strong fundamentals