The Real Good Food Co. will today (3 June) hail the progress it has made in improving sales and profits across its key business units.
Speaking at the company’s AGM in London later today Pieter Totté, chairman of the sugar and ingredients firm, will tell investors that the company has made a “good start” to the year.
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According to Totté, Real Good Food has hit the targets it set on working capital and profitability during the first four months of the fiscal year, with results coming in “above expectations”.
The company’s performance has been driven in particular by a “strong” performance at its Renshaws baking ingredients business and “continued progress” at its Hayden’s bakery products business.
Meanwhile, Totté will strike an upbeat note on the outlook for Real Good Food’s sugar unit.
“Our Napier sugar business is in a transitional year, following the EU sugar regime changes, but is starting to build momentum ahead of the new contract season in October,” he will tell investors.
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By GlobalData“Negotiations for the new season are well under-way and I am optimistic that we will start to see growth in both volumes and profitability.”
