Finsbury Food Group said today (26 November) a “strong” performance from its domestic cake business had boosted sales, offsetting falling revenues outside the UK.

In a trading update for the first four months of its new financial year, Finsbury told its AGM its sales had risen by 3.9% on an organic basis.

Sales from Finsbury’s UK bakery arm were up 5%. The company said its overseas division, its 50%-owned export business, saw sales drop 3.1% as it reduced the level of promotions “to optimise returns”. On a reported basis, total revenue was GBP57.3m (US$90.4m).

Finsbury said it expects its operating margins to increase this year as efficiency gains from its capital investment boost its profitability.

“Overall the directors are pleased to report positive trading performance for the company as a whole and in line with the board’s expectations,” chairman Peter Baker said.

Finsbury also published the half-year results of UK peer Fletchers Group, which it acquired in October for GBP56m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company said Fletchers’ sales of GBP49m and EBITDA of GBP3.9m for the 26 weeks to 27 September was “in line with previous guidance”.

Sales were down 2.1% year-on-year, with Finsbury pointing to lower sales promotions and the closure of a factory. It said EBITDA, post restructuring and one-off costs, was up year-on-year.

Click here for an interview with Finsbury CEO John Duffy on the day the company announced its acquisition of Fletchers.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now