East Imperial Trading Update: Revenue, Margin Improvement, and Expansion Plans

East Imperial plc (LON:EISB), the global purveyor of super-premium beverages, has provided an update on trading for the year ended 31 December 2023.

Highlights

●     Revenue of £2.35m for FY2023 (unaudited), as expected behind the £3.17m recorded in FY 2022 given the operating constraints experienced in Q2 and Q3

●     Post resolution of operational issues, sales recovery in Q4 2023 with momentum maintained in Q1 2024

●     Margin improvement programme implemented in Q4 2023, which included cost reduction initiatives and selective price rises, led to a 15% margin expansion in Q4 2023 and improvement maintained into 2024

●     Implementing initiatives to improve working capital cycle including the moving of overseas customers to FOB shipping terms and trade financing

●     Ongoing discussions with potential debt funders to provide additional working capital to help support ongoing expansion

●     Expectation that cashflow breakeven will be achieved in Q4 2024

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