What the analysts say: Mixed reaction to Premier update
By Katy Askew | 25 April 2012
Premier Foods plc revealed a robust set of sales figures this morning (25 April), as a 3.7% increase in 'power brand' sales drove group sales up 1.3%. The group has seen its stock rebound of late as management has worked to convince the market that it is getting to grips with Premier's debt burden and working to reverse declining sales while also bolstering margins. However, the spectre of Premier's high debt level still looms large, especially given the current tough operating environment, and it seems that City analysts view this threat in varying degrees of severity.
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Premier Foods plc revealed a robust set of sales figures this morning (25 April), as a 3.7% increase in 'power brand' sales drove group sales up 1.3%. The group has seen its stock rebound of late as management has worked to convince the market that it is getting to grips with Premier's debt burden and working to reverse declining sales while also bolstering margins. However, the spectre of Premier's high debt level still looms large, especially given the current tough operating environment, and it seems that City analysts view this threat in varying degrees of severity.
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