Wholesale group Kitwave says it has enjoyed a strong second half of the year and its next set of results are on course to meet upgraded expectations.
The Tyneside-based group also hinted at future acquisitions as it talked of "considerable growth opportunities" in its market. In a trading update to the London Stock Exchange, Kitwave acknowledged inflationary pressures - including across labour and fuel - would continue to impact operating costs but said it had taken measures to combat rises and recover costs where possible.
The opening of the group's new Wakefield warehouse for its HB Clark alcohol business was hailed, as was the acquisition of M. J. Baker Foodservice Limited which it said had now been successfully integrated and was trading in line with expectations. Investment in a new website was said to have been successful, both in terms of order numbers and sizes.
