Brief: Real Good Food Posts H1 EBITDA Loss Of 2 Mln Stg

Real Good Food

16/12/2022 07:28

Dec 16 (Reuters) - Real Good Food PLC  RGD.L :
    * REAL GOOD FOOD PLC H1 EBITDA LOSS OF 2 MILLION STG
    * REAL GOOD FOOD PLC H1 REVENUE FELL 20.1 PERCENT TO 15.9
MILLION
STG
    * REAL GOOD FOOD PLC - MARKET CONDITIONS ARE EXPECTED TO
REMAIN
CHALLENGING IN NEAR-TERM
    * REAL GOOD FOOD - REFORM PROGRAMME IS WELL UNDERWAY AND
EXPECTED
TO DELIVER SUSTAINABLE EBITDA OF BETWEEN £2 MILLION AND £4
MILLION FOR YEAR TO 31 MARCH 2024
    * REAL GOOD FOOD PLC - FURTHER COST SAVINGS OF CIRCA £3.0
MILLION
(25%) ARE BEING TARGETED FOR FY24
    * REAL GOOD FOOD - IT IS EXPECTED THAT FURTHER LOSSES WILL
BE
INCURRED DURING H2 OF CURRENT FY, ALBEIT SOME BENEFIT FROM PRICE
RESETS WILL DAMPEN LOSSES

Source text for Eikon:  ID: 
Further company coverage:  RGD.L 
 ((Reuters.Briefs@thomsonreuters.com;))