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Naked Wines has given investors another boost with a strategic plan to return the business to revenue growth over the next five years.
Naked Wines’ new strategy is targeting 5% to 10% growth by 2030, though revenue is set to continue its decline in the short term.
Its share price is up over 16% this morning after the announcement.
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Packaging supplier Robinson saw revenue surge 14% last year as it benefited from new partnerships with food and drink manufacturers.
Its total sales are now at £56.4m, while operating profit rose from £2.2m to £3.2m.
“This confirms that our strategy of partnering with major fmcg brand owners, investing in new technology, driving efficiencies, and supplying sustainable packaging is delivering the anticipated results,” said chairman Alan Raleigh.
In the UK, its paperbox business saw volumes grow 44% while plastic sales were up 5%.
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