REACT Group plc (LON:REAT), the leading specialist cleaning, hygiene, and decontamination company, has announced a trading update for year ended 30 September 2023.
· Revenue of £19.6m (2022: £13.7m) – an increase of 43%
Ø Organic like-for-like revenue growth of 21%
· Adjusted EBITDA in excess of £2.2m (2022: £953k) – an increase of more than 130%
· Net cash, less bank debt and finance leases of £0.7m (2022: -£0.1m)
Trading in the year has continued to be strong despite the economic headwinds facing our industry. Subject to audit, revenue for the year will be approximately £19.6m (2022: £13.7m), an increase of 43%. Organic like-for-like revenue growth increased 21% on last year. The Group will report an Adjusted EBITDA in excess of £2.2m (2022: £953k) an increase of more than 130%.