4 March 2025 - update

The company announced its annual results to 1 December recently and these revealed a 14.1% increase in revenue to £3.2bn, with adjusted group EBITDA rising threefold to £153.3m.  The group reported an adjusted loss before tax of £360m on continuing activities, a similar level to 2023.  Net debt at the end of the year was £713m excluding lease liabilities with total borrowings of £1.48bn offset by cash balances of £771m.  This was up almost £200m on the previous year although the group spent £399m on capital expenditure.  The results disappointed investors and . . .

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