We have today released an ASX announcement detailing highlights and cashflow for the final quarter of FY20. Despite the impact of COVID-19, Q4 results reflect strong revenue growth ensuring the business enters FY21 with significant momentum. Key operating highlights included:
Commenting on the final quarter of FY20, Founders First Managing Director, Mark Haysman said: “Our ability to accelerate growth despite the COVID-19 impact to venues is testament to the growing category of craft and the continued strengthening demand. We have been able to continue to drive growth through our focus on quality distribution, particularly through the off-premise channel seeing wholesale revenue growth of +262% for majority-controlled businesses and +112% for the total portfolio. Pleasingly we expect the recent distribution gains to further accelerate growth in H121” To view the full announcement, read here.