The Chairman, Peter Blakemore, proudly announced that our EBITDA has experienced an impressive growth of 65% from £14.8m to £24.4m. Additionally, our sales have seen a 3.9% increase, reaching £1.24bn. Despite facing national supply chain challenges last year, the group has demonstrated remarkable resilience.
This remarkable growth can largely be attributed to the outstanding performance of our Spar retail sector. We have significantly improved stock availability and enhanced productivity within our supply chain, resulting in these positive results.
As one of the few independent convenience wholesalers and retailers in the UK, our store teams have consistently delivered exceptional customer service. They have also made noteworthy contributions to the communities we operate in.
In our Spar stores, we have continuously invested in meeting our customers’ needs for fresh food on-the-go and convenient fresh food for later consumption. Additionally, we have implemented innovative promotions and introduced new-to-market product launches, such as Prime Hydration. These initiatives have led to a substantial increase in like-for-like sales.
Blakemore further highlights the successful evolution of our company’s logistics network, including the opening of a new facility in Bedford. Our volumes have also recovered to pre-pandemic levels, showcasing our ability to adapt and thrive.
Our commitment to sustainability remains unwavering, and through increased focus and investment in technology, we have achieved an impressive 12% reduction in carbon emissions.
Looking ahead, we are already on an upward trajectory in the current financial year. We would like to express our gratitude to our dedicated colleagues, loyal customers, partners, and suppliers for their continued support.
