Booker results continue recovery

Booker Group is maintaining its recovery, announcing pre-tax profits of £36.2m for the year ended March 28, up 27% on the previous year.
Sales were up 2.3% to £3.1bn, including 43 weeks contribution from Blueheath, and net debt was reduced by 38% to £47.2m.
Like for like non tobacco sales were up 3.3% (versus -1.2% last year), but tobacco was down 5.4% (-0.3% last year). Sales to caterers increased by 2.2% (-0.2% last year) and sales to retailers were down -1.5% (-1.1% last year).
Commenting on the results, chief executive Charles Wilson said: “It has been a year of steady delivery for Booker. Customer satisfaction has improved, sales have increased, operating profits are up 29%, net debt is down 38% and we integrated Blueheath. We made good progress, but there is a lot more to do.”

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