A strong performance for the year to end April 2016 included 17% underlying sales growth (vs 2014/15 proforma figures), at an increased gross margin and 22% higher adjusted EBITDA at £15m. That’s an impressive performance in a relatively mature, competitive market, driven by a strategic focus on supplying own-label products to both discounters and multiples, the fastest growing elements as own-label progressively takes share from top end ‘luxury’ brands.
