UK ice cream maker Richmond Foods has said trading in the company’s seasonally quietest quarter has continued in line with expectations, although results for the full year will depend on the trading performance in the second half of the financial year.
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In an AGM statement, chairman Ross Warburton said that since the start of the new financial year, the ice cream market, which declined over the summer months, has shown signs of recovering to similar winter levels seen over recent years.
The company said consultation has also been completed at its Devon site allowing Richmond to transfer production to its three major sites over the rest of the financial year.
Warburton added that as a result of this, together with the continuing benefits of the company’s capital expenditure programme, the board remains confident that Richmond will make further progress during 2005.
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