Nisa has reported it returned to profit in its latest half year with an EBITDA (earnings before interest, taxes, depreciation, and amortisation) before exceptionals of £3.3m for the first half of 2015/16.
This put the business £3.5m ahead of the same point last year, while sales volume have increased to more than the two million cases a week. Nisa set itself a target of £7.2m EBITDA before exceptionals for the full year.
The business has been buoyed by recent high value contract wins, including the £1bn five-year contract with the new My Local business.
CEO Nick Read said: “The last financial year was not a good one, but we put in place robust measures to ensure Nisa would not suffer again this year. It was imperative that we returned the business to profitable growth and that has very much been the focus of the team.
“It is pleasing to see the business performing more strongly and I am confident that our end of year target will be achieved. The new business we have brought in, combined with the operational efficiencies achieved in the first half, have really boosted Nisa and it stands as a testament to our ability to deliver a first class service, in terms of range, price and distribution, to a wide variety of business types. No one else can service such a diverse membership, so completely, and that is why we are the partner of choice for independent retailers throughout the UK.”