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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bakkavor Group Plc | LSE:BAKK | London | Ordinary Share | GB00BF8J3Z99 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.50 | 2.93% | 123.00 | 121.00 | 124.00 | 124.00 | 118.00 | 118.00 | 163,100 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Food Preparations, Nec | 2.2B | 51.9M | 0.0896 | 13.84 | 718.49M |
TIDMBAKK
RNS Number : 9523Z
Bakkavor Group PLC
16 January 2020
16 January 2020
Bakkavor Group plc
Pre-Close Trading Statement
Bakkavor Group plc (the "Group"), the leading provider of fresh prepared food, announces the following update for the 52 weeks ended 28 December 2019, ahead of its full-year results announcement on 27 February 2020.
Group revenue on a reported basis increased by 1.5% and on a like-for-like* basis increased by 1.7% compared to the equivalent period in 2018, with encouraging progress made across the Group.
Whilst consumer confidence remains weak in the UK and continued to impact underlying volume growth, revenue on a like-for-like* basis increased by 0.2% in the UK, primarily as a result of a gain in H2 in our meals business. The International business delivered further volume growth resulting in a 12.8% increase in like-for-like* revenue as we broaden our customer base in both regions.
In the current economic environment, the Board considers this to be a solid performance and expects full-year results to be in line with expectations.
*Like-for-like revenue excludes associates, the impact of acquisitions, disposals, closures and foreign exchange translation
ENQUIRIES
Institutional investors and analysts:
Peter Gates, Chief Financial Officer
Sally Barrett-Jolley, Head of Corporate Affairs +44 (0) 20 7908 6143
Media:
Tulchan Communications +44 (0) 20 7353 4200
Will Smith
LEI number: 213800COL7AD54YU9949
DISCLAIMER - FORWARD-LOOKING STATEMENTS
This trading update, prepared by Bakkavor Group plc (the "Company"), may contain forward-looking statements about Bakkavor Group plc and its subsidiaries (the "Group"). Forward-looking statements involve uncertainties because they relate to events, and depend on circumstances, that will, or may, occur in the future. If the assumptions on which the Group bases its forward-looking statements change, actual results may differ from those expressed in such statements. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update these forward-looking statements. Nothing in this statement should be construed as a profit forecast.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTVELFFBFLLBBX
(END) Dow Jones Newswires
January 16, 2020 02:00 ET (07:00 GMT)
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