UK: Bakkavor returns to Q3 profit

By Michelle Russell | 8 November 2012

  • Earnings amount to GBP2.8m
  • EBITDA up 6%
  • Net sales grow 2%
Bakkavors profit was driven by an increase in operating profit

Bakkavor's profit was driven by an increase in operating profit

UK own-label firm Bakkavor has returned to profit in the third quarter of the year.

Earnings in the three month period amounted to GBP2.8m (US$4.5m) compared with a loff of GBP5.7m in the prior year. The improvement was predominantly driven by an increase of GBP4.6m in operating profit and a reduction in finance costs, the company said today (8 October).

EBTIDA amounted to GBP31m, a 6% increase on last year, while sales climbed 2% to GBP422.3m.

Capital expenditure programmes and product innovation delivered incremental sales
growth, the company said.

Sectors: Financials, Private label

Companies: Bakkavor

There are currently no comments on this article

Be the first to comment on this article

Related articles

CHINA: Bakkavor opens Chinese factory and farm

Chilled prepared foods manufacturer Bakkavor has officially opened a food processing factory and farm in China as it works to ramp up capacity in the region.

FRANCE: Dairy firm Candia names Schiratti CEO

French dairy group Candia has named former Bakkavor and Bonduelle executive Giampaolo Schiratti as its new CEO.

Comment: Horsemeat saga exacerbates ready meal sales decline

Nearly two months into the horsemeat scandal that has rocked the food industry, UK figures highlighting a sales slowdown in ready meals raise the question of whether this is a temporary blip or a long-term structural decline.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page