Kitwave Group PLC (LSE:KITW) reported a 26.7% rise in revenue, reaching £376.2 million for the six months ending April 2025, fueled by strategic acquisitions and investments in infrastructure. While the company achieved record revenue and operating profits, it has tempered profit forecasts for the year due to rising operational costs, macroeconomic pressures dampening consumer confidence, and increased employer National Insurance contributions.
The recent acquisition of Creed Foodservice and the launch of a new distribution center in the South West have bolstered Kitwave’s market position. However, the company expects these challenges to impact overall financial performance in the short term. Despite this, Kitwave remains optimistic about its long-term strategy, emphasizing service-driven growth supported by a solid balance sheet.
Outlook
Kitwave’s outlook is underpinned by strong financial results, positive technical signals, and ongoing corporate developments. Its growth prospects benefit from strategic acquisitions and confident leadership, though careful management of debt and cash flow will be essential to sustain momentum.
About Kitwave Group PLC
Kitwave Group PLC is a UK-based delivered wholesale business specializing in the distribution of impulse products, frozen, chilled and fresh foods, alcohol, groceries, and tobacco. Serving around 46,000 mainly independent customers—including convenience stores, leisure venues, vending operators, and foodservice providers—Kitwave operates through a network of 37 depots across the UK. The company has expanded through a combination of organic growth and strategic acquisitions of complementary businesses.
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