Premier Foods has indicated that its fourth-quarter sales were “in line” with expectations, despite “challenging” trading conditions in the period.
The company said this morning (17 January) that it booked a “solid” performance in the three month period, thanks to “growth momentum” behind its “power brands”. In 2011, the group outlined a strategy to focus on the eight brands that offered greatest potential for growth: Batchelor’s, Lloyd Grossman, Bisto, Ambrosia, Hovis, Mr Kipling, Oxo and Sharwood’s.
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The company confirmed that fiscal 2012 results are expected to meet market expectations. Analysts estimates put Premier’s 2012 profit before tax at approximately GBP32m, including exceptional items.
CEO Michael Clarke commented: “While the market continues to be challenging, I’m encouraged by the progress we have made in 2012. This provides a solid platform to continue our growth momentum in 2013.”
Premier is scheduled to publish its preliminary results for the 2012 on 21 February.
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