Bakkavor, the UK-based own-label supplier, is adding jobs at a desserts facility in its domestic market.
The company is recruting 160 full-time, permanent staff as its factory in Newark, which manufactures products including éclairs, doughnuts and tarts for UK grocery retailers. At present, the site has over 1,400 staff.
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Bakkavor said the move was due to “increasing demand”.
Caron Brooks, head of HR for desserts at Bakkavor, added: “Now is a really exciting time for Bakkavor Desserts Newark as we continue to grow from strength-to-strength and this is demonstrated by the sheer scale of our recruitment drive.”
Bakkavor is set to report its third-quarter financial results tomorrow (24 November). In the first half of 2015, Bakkavor booked higher half-year sales and profits but the UK own-label supplier did see revenue growth slow in the second quarter.
The company’s like-for-like revenue was GBP441.5m (US$667.5m) in the quarter, up from GBP439.5m a year earlier.
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By GlobalDataHowever, that represented a slowdown from the first quarter. First-half like-for-like revenue increased 2% to GBP867.4m.
Adjusted EBITDA grew 14% in both the quarter and the half year. First-half adjusted EBITDA hit GBP65.4m.
First-half net profit reached GBP3.7m, against GBP3.1m in the first six months of 2014.
CEO Agust Gudmundsson said at the time: “It has been another quarter of good progress but we expect the trading environment to continue to be challenging due to a combination of price deflation and a highly competitive grocery market.”
