Kitwave reports that trading has returned to pre-pandemic levels

Kitwave Group boosts revenues by 20% and profit before tax by 40%

Kitwave Group achieved revenue of £380.7 million and adjusted operating profit of £7.1 million in the 12 months ended 31 October 2021. The company is using the 18 months to 31 October 2020 as its comparative prior period, when revenue was £592 million and adjusted operating profit was £16.5 million.

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The North Shields-based firm released its final results for the year ending October 31 in which revenues increased by 10.2% to £663.7m. The company’s operating profit fell slightly over that