The Real Good Food Company plc Provides Earnings Guidance for the Fourth Quarter and Twelve Months to March 31, 2013
The company expects EBITDA in the region of £10.5 million for the twelve months to March 31, 2013, it represent a significant increase of approximately 24% over the corresponding twelve months to March 31, 2012 of £8.5 million. The Net Debt position at the end of March is expected to be in the region of £27 million, £17.8 million of which is current, which would represent a significant reduction on the last reported figure for September 30, 2012 of £32.1 million and a material improvement, that is reduction, in the EBITDA to Net Debt ratio from 3.3 for the twelve months to March 31, 2012 to 2.6 for the twelve months to March 31, 2013.