Brief: Virgin Wines UK Targets £100m Annual Revenue With 7% EBITDA Margin In 5 Years
26/03/2025 07:29
March 26 (Reuters) - Virgin Wines UK PLC VINO.L: VIRGIN WINES UK PLC - ANNOUNCES NEW GROWTH STRATEGY AND CAPITAL ALLOCATION PLAN VIRGIN WINES UK PLC - TARGETS £100M ANNUAL REVENUE WITH 7% EBITDA MARGIN IN 5 YEARS VIRGIN WINES UK PLC - TO LAUNCH SHARE BUYBACK PROGRAMME UP TO 15% OF SHARE CAPITAL VIRGIN WINES UK PLC - WAREHOUSE WINES EXPECTED TO CONTRIBUTE 10% OF GROUP REVENUE IN 5 YEARS VIRGIN WINES UK PLC: UPFRONT INVESTMENT WILL IMPACT SHORT TERM PROFITABILITY DURING FIRST PHASE OF GROWTH STRATEGY VIRGIN WINES UK PLC: DOES NOT RECOMMEND INTRODUCING A DIVIDEND AT THIS TIME Source text: ID:nRSZ1421Ca Further company coverage: VINO.L ((Reuters.Briefs@thomsonreuters.com;))