Blog: Real Good Food Co. confident on trading ahead
Michelle Russell | 12 September 2013
It has been less than three months since UK sugar-to-ingredients group The Real Good Food Co published its full-year earnings results and the company appears equally as confident on its year ahead.
The diversified food group is set to hold its AGM in London today (12 September), where chairman Pieter Totté is expected to give an update on the board's expectations for the year ahead.
In June, the company booked a jump in full-year earnings accompanied by a "modest" increase in revenue. This looks set to be a repeat performance in the firm's next fiscal year with trading in the first half already in line with expectations, Totté will to confirm today.
RGFC has been busy investing in growth over the last 12 months or so. The owner of Napier Brown, Europe's biggest non-refining sugar distributor, has been focusing on three initiatives: investing in its sugar handling hub, set to be operational in the next quarter; focusing on its brands, including gaining new listings for its Whitworths brand; implementing retail strategy for its R&W Scott's bakery ingredients unit; and establishing a presence in Europe and the US for its Renshaw's bakery unit also.
Totté is expected to tell investors: "Underpinning all of this, I am continuing to drive the businesses to be more market-led, investing further in sales and marketing management to help realize the growth opportunities faster and more effectively."
Check back on the site for just-food's interview with Totté from the firm's AGM.
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