Blakemore’s sales declined by 4.6% to £1.2bn for the year ending 28 April 2024, with EBITDA increasing by 52% from £19.3m to £29.4m which the company put down to high-margin categories performing well and cost controls.
In a company statement it put the sales loss down to the removal of a supply deal to the EG Group, which moved to Asda, as well as ‘the decline of the immediate convenience market in the UK.’
Read more: Kellett appointed finance chief at Blakemore
Blakemore appointed Ian Kellett as its chief financial officer last year, and he also joined the board and executive team, as well as being responsible for finance, property, IT and procurement.
AF Blakemore chairman Peter Blakemore thanked colleagues for their approach and commitment to the company in challenging trading conditions.
