Tue 07/04/2023 12:37 PM
Ireland-based branded food group Valeo Foods underperformed again during its fourth quarter as a result of continuing problems in its U.K. segments, causing net leverage based on adjusted EBITDA to head towards 10x. The group also drew down its RCF in full during the quarter, sources said.
Revenue increased to €345 million in the fourth quarter to March-end from €320 million in the same quarter the prior year, driven by continued growth in the group’s Irish and European segments....
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