rns / costs13 Jan 2022 13:13
It could be that this big drop is down to more costs of £30m but reading the rns again and again these costs are NOT just inflation but more staff costs IT etc etc and which could all be covered with more turnover. The Board expects that the combined impact of unmitigated headwinds; predominantly the increasing cost of freight but also the impact of inflation on staff costs and utilities; plus investment in headcount, IT and development of the online platform to support the delivery of the strategic plan, will add approximately £30m to the pre-Covid FY20 cost base net of mitigation. Looking further out, the Board expects a number of these cost headwinds to subside, and the Company to be able to further mitigate certain cost pressures. In addition, the Company should realise the benefits of the growth investments. Further details will be provided at the time of results.