Rekeep - comment

Rekeep’s Q2 results demonstrate stable revenue with a slight decline in EBITDA, primarily attributable to the domestic facility management segment and ramp-up costs associated with the Polish catering plants. Leverage remains unchanged at 4.1 times despite a working capital outflow due to the commencement of the new Teckal business.

Some investors have expressed concern over the reported decline in backlog, which is due to delays in contract confirmation. However, it is important to note that Rekeep is already operating under some of these contracts despite them not being officially awarded, and as such, they are not included in the backlog figures.