Finsbury Food Group Plc reports revenue of £306.3 million for FY20

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Finsbury Food Group Plc reports revenue of £306.3 million for FY20

Finsbury Food Group Plc (LON: FIF) has released results for the 52-week ended 27 June 2020.

  • The group’s business remained resilient, responding quickly to Covid-19, and the revenue stood at £306.3 million.
  • Adjusted EBITDA declined by 4.4 per cent to £24.4 million; however, it was up 2.8 per cent to £26.2 million including impact of the first-time adoption of IFRS16 of £1.8 million.
  • Net bank debt of the company decreased by £9.1 million to £26.5 million at 1.1 times annualised EBITDA of the Group.
  • On 21 September 2020, at the time of writing, GMT 10:30 AM, FIF shares were trading at GBX 131.95, down by 7.50 points or 5.63% against the previous day closing price.

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