Savor 2022 results, announces new venues, $2m new capital

Savor Limited (NZX: SVR) today announced its 2022 annual results, a completed equity raise of $2m, the lease of Viaduct Harbour’s most desirable site and the opening of culinary icon MoVida in Britomart later in the year.

Despite the challenges presented by COVID-19, Savor reported an improved EBITDA of $3m for the period, with the new financial year starting ahead of expectations.

The Group secured $2m of new capital via a private placement and looks forward to the opening of its new Viaduct and MoVida venues.