Brief: Various Eateries Sees FY Net EBITDA Margins As Percentage Of Sales Lower Than Expected

Coppa Collective

28/06/2023 07:30

June 28 (Reuters) - Various Eateries PLC  VAREV.L :
    * VARIOUS EATERIES PLC  - HALF YEAR RESULTS & TRADING UPDATE
    * VARIOUS EATERIES PLC H1 REVENUE ROSE 16 PERCENT TO 20.6
MILLION
STG
    * VARIOUS EATERIES PLC - DEALING WITH UNPRECEDENTED COST
PRESSURE
IN SUPPLY CHAIN, ENERGY COSTS AND CONTINUING PRESSURE ON WAGES
AND RELATED COSTS
    * VARIOUS EATERIES PLC - HY LOSS AFTER TAX OF £4.3M (H1
2022: LOSS
OF £2.6M)
    * VARIOUS EATERIES PLC - EXPECT FULL YEAR SALES TO BE
BROADLY IN
LINE WITH MARKET EXPECTATIONS
    * VARIOUS EATERIES PLC - ANTICIPATES THAT FY NET EBITDA
MARGINS AS
A PERCENTAGE OF SALES WILL BE SIGNIFICANTLY LOWER THAN
PREVIOUSLY EXPECTED

Source text for Eikon:  ID:nRSb1271Ea 
Further company coverage:  VAREV.L 

 ((Reuters.Briefs@thomsonreuters.com;))