UK: Real Good Food Co. sees FY earnings jump

Sugar-to-ingredients group The Real Good Food Co. has booked a jump in full-year earnings accompanied by a “modest” increase in revenue.

In a filing today (26 June), the company said total EBITDA rose 24% to GBP10.5m in the 12 months to 31 March.

Real Good Food attributed the gain to “significant” earnings improvements at its Haydens and R&W Scott divisions. “All trading divisions now have positive EBITDA following the improvements at Haydens and R&W Scott,” the group emphasised.

Sales were up 2.6% to GBP265m in the period. Chairman Pieter Totte suggested the growth demonstrated the “robustness” of the RGFC business in the face of challenging economic conditions.

“We achieved a significant increase in earnings despite only recording a modest increase in overall revenue,” Totte said. “While the outlook for the economy and consumers’ disposable income is likely only to improve gradually, I am confident that we have a strong platform for long term, sustainable growth, based on sound plans.”