MBH targets return to net cash next year after margin gains
MBH said revenue fell 9.5% year-over-year, outperforming a 25% sector decline, while margins improved. Net debt is £5 million, with return to net cash targeted next year amid challenging markets.
Revenue declined 9.5% year over year, outperforming a 25% sector decline, as margin gains were driven by cost control and a focus on premium products. Net debt is £5 million, and the company is targeting a return to net cash next year. It said the market remains challenging, but customer relationships and operational flex…