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Posted at 07/12/2023 08:20 by Kitwave Daily Update Kitwave Group Plc is listed in the Confectionery-wholesale sector of the London Stock Exchange with ticker KITW. The last closing price for Kitwave was 258p.
Kitwave currently has 70,146,766 shares in issue. The market capitalisation of Kitwave is £182,381,592.
Kitwave has a price to earnings ratio (PE ratio) of 166.67.
This morning KITW shares opened at 255p
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Posted at 21/11/2023 08:03 by bartyb
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Posted at 20/11/2023 08:53 by dr biotech
Seems like a real family business - their staff have all been there for some time
hxxps://www.wildsofoldham.co.uk/our-history/
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Posted at 20/11/2023 07:28 by johndoe23
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Posted at 20/11/2023 07:22 by eeza
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Posted at 20/11/2023 07:06 by bigbigdave
Established for over 25 years, Wilds of Oldham is a composite, family-run drinks wholesaler supplying the on-and-off trade. Based in Oldham, Manchester, the company has a history of helping businesses achieve the best in licensed trade supplies. Currently, there are 35 members of staff, with 11 fleet vehicles that deliver to customers within a 50-mile radius of its warehouse in Oldham. In the financial year ended 30 September 2022, the business had a turnover of £10.2 million.
The Acquisition will be incorporated into Kitwave's existing Foodservice on-trade business H.B. Clark & Co. (Successors) Limited ("HB Clark").
Commenting on the Acquisition Paul Young, Chief Executive Officer of Kitwave, said:
"We are delighted to announce the acquisition of Wilds of Oldham, which will assist in the distribution of HB Clark's alcohol and soft drinks products throughout the North West. Wilds of Oldham is a proven, successful business that will make a strong addition to our Foodservice division.
"At Kitwave, we remain focussed on capitalising on the fragmented UK wholesale market and will continue to identify the best opportunities to deliver the most value for our stakeholders.
"We are looking forward to working closely with the Wilds of Oldham team and integrating the business into the Group's Foodservice division."
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Posted at 28/9/2023 10:33 by bartyb
Morrisons sales hit £3.8bn in Q3
The supermarket chain has attributed this to its focus on competitive pricing, inflation being below the market, and further investment in its ‘Price Locked Low’ commitment
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Posted at 08/9/2023 13:02 by thebears1
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Posted at 02/5/2023 06:03 by bigbigdave
Kitwave Group plc (AIM: KITW), the delivered wholesale business, today announces a pre-close trading update for the six-month period ended 30 April 2023.
The Group's strong performance across all divisions continued throughout the first half of its FY23 financial year. Due to the seasonality of the business, as in previous periods, there is a heavier weighting towards trading in the second half of the year. The Board anticipates that the Group's results for the full financial year will be slightly ahead of market expectations.
The Board remains conscious of the wider macroeconomic environment including inflationary headwinds but believes that the Group is well-placed to mitigate these risks.
The acquisition of Westcountry Food Holdings Limited, a specialist fresh produce wholesaler, in December 2022 complements the Group's existing Foodservice division and enables the expansion of our reach into the South West. The integration of the business into the Group has been successful and it is performing in line with management expectations.
Paul Young, Chief Executive Officer of Kitwave, commented:
"I am pleased to report on the progress made by the Group in the six months ending 30 April 2023. Following a strong first half performance, and with the second half of the year typically driving increased trading, we expect full year results will be slightly ahead of market expectations.
"With the considerable opportunities still available, both in the form of organic developments and through strategic, complementary acquisitions in a largely fragmented wholesale market, we have an excellent platform for growth. We look forward to continuing to deliver value to the Group and its shareholders and updating the market on our continued progress."
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Posted at 13/7/2022 21:21 by tole
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Posted at 14/2/2022 22:18 by tole
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Kitwave boosts business in north-west with Wilds of Oldham buy
