Totally plc, a leading provider of frontline healthcare services and corporate fitness and wellbeing solutions in the UK and Ireland, has announced positive results in its latest trading update for the fiscal year ending on March 31, 2024 (FY24). Despite a decrease in revenue, with expectations of reporting £106 million compared to £135.7 million in the previous year, the Derby-based company foresees a rise in EBITDA to £2.3 million from £1.1 million in H1 24.
Throughout FY24, the company undertook internal reorganization efforts to streamline operations amidst challenging market conditions. These initiatives led to a reduction in overhead costs by £2.2 million in FY24, resulting in annualized savings of £3.5 million. Wendy Lawrence, the CEO of Totally, commended the dedication of the teams in navigating unforeseen pressures while maintaining quality standards and operational efficiency.
With a focus on cost-saving strategies, Totally aims to strengthen its performance in FY24 and beyond, ensuring sustainability and growth in the face of market challenges. Lawrence expressed optimism for new business opportunities and a resilient approach in achieving profitability and long-term shareholder value.
