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Boparan Holdings hit by labour woes, temporary closures in 2021
The group is challenged by the BREXIT and pandemic.
Large chicken supplier, Boparan Holdings, posted over EUR22.7m of operating losses in the 52 weeks that ended in July 2021 compared to 53 weeks prior.
According to its financial statement released 18 July 2022, it implemented initiatives to improve its profitability but it faced labour shortages and temporary site closures caused by COVID-19 and BREXIT.
Its EBITDA of EUR76.3m went down by EUR52.4m in the year, which reduces by 41%.
The group also documented a profit before tax of EUR52.6m compared to a profit EUR1.8m in the preceding period.
Looking ahead, the group admitted that it is still currently facing labour shortages, which they will resolve by retention and attraction of labour.
