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Mitchells & Butlers Reducing Costs To Conserve Cash Flow

Published on Mar 20 2020 1:41 PM in Pub/Bar/Nightclub tagged: Mitchells & Butlers

Mitchells & Butlers Reducing Costs To Conserve Cash Flow

Pub group Mitchells & Butlers has said that it could suffer a significant loss and still meet conditions in its debt programme, but that it is reducing costs to conserve cash flow.

The company expects its sales and profits to experience a major hit with people being asked to avoid pubs and restaurants due to the COVID-19 crisis.

Net Debt

Mitchells & Butlers' net debt stood at £1.56 billion in its latest annual results.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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