Updates

Kitwave - Tidal wave of cash leaves M&A on agenda

August 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Kitwave, the independent foodservice wholesaler, continues to report a strong H1. The Group, which supplies a broad range of impulse, grocery, frozen, butchery and fresh products, reported revenue growth of 27% to £376m (+3.1% organic), driven primarily by the addition of Creed Foodservice. Adjusted EBIT rose 22% to £13.2m, while pretax profit was flat at £8.5m due to higher interest costs following the acquisition. Divisionally, the Ambient and Frozen & Chilled divisions posted a 3% revenue increase to £210m, supported by new customer wins and strong ice cream sales during sunny weather. The Foodservice division delivered a 79% increase in revenue to £166m, largely driven by a £70m contribution from Creed - this shift in rev ...

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Mpac

Inspecs

Kitwave (June 2025)

Kitwave (December 2024)

Kitwave - Biggest ever deal will unleash wave of synergies (October 2024)

Kitwave (December 2023)

Kitwave - Well set for 13th acquisition (August 2023)

Kitwave - Foodservice the swing factor (April 2023)

Kitwave FY23 - eps forecast upgraded by 13% (January 2023)

Kitwave - Foodservices side lifts margins (August 2022)

Kitwave (June 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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