Giles reveals turnover and earnings drop
The Giles Group’s full year results for the year ended 31 August 2010 has revealed a 3% drop in turnover to £70m (2009: £72.1m).
Giles said it had experienced "a tough trading year" and its EBITDA fell by 13% to £20.8m (2009: £23.8). However the group claimed its EBITDA margin remained strong at 30% (2009: 33%)
Commenting on the results, Chris Giles, chief executive, Giles, said: "2010 has continued to be a challenging year for the industry. At Giles we are pleased to have maintained an industry leading margin and to have seen the group develop through key acquisitions in the UK and in new territories, such as the Channel
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