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April 4, 2013

UK: Cranswick sees FY sales gains

UK pork processor Cranswick has booked an increase in sales for the year to the end of March, boosted by underlying growth and its acquisition of Kingston Foods.

UK pork processor Cranswick has booked an increase in sales for the year to the end of March, boosted by underlying growth and its acquisition of Kingston Foods.

Cranswick revealed today (4 April) sales were up 7% year-on-year, or 9% when the result was adjusted for the extra week of trading in 2011. Sales excluding the impact of acquisitions rose 7%, the company added.

During the year, Cranswick said it invested in expanding capacity to meet growing demand as it picked up new customers, developed new products, moved into new categories and increased its market share.

Cranswick said margins are expected to be “broadly in line” with last year. The group is scheduled to report its full-year results on 20 May.

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