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LEGAL | Staff Reporter, UK

Itsu reports group sales growth of £105.6 million for FY17

Product launches, new customer acquisition and annualisation are some of is growth drivers.

Itsu has announced their financial reports for the financial year 2017 ended last December 31 as the group’s sales have reached 10% up to £105.6 million from £95.9 million last FY 2016.

Gross profit also grew from £42.2 million to £66.8 million and EBITDA rose by 28% to £2.6 million. Their pre-tax loss is reported to be £9.0 million

Last December, the chain opened three new stores that is expected to have an effect on 2018.

“The 2017 financial statements show a 10% growth in turnover , c28% increase in Group EBITDA and celebrate a number of milestones for the year, itsu continues to invest heavily in its long-term future, whilst successfully fighting off the short terms challenges that the market and the UK economy bring,” itsu said in their report.

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