UK dairy firm Robert Wiseman has said its sales volumes and turnover for the year ending 2 April 2005 were “satisfactory”, and the company remains confident it will deliver results for the year in line with market expectations.
In a trading update, group finance director Billy Keane said work on the £8m (US$15.0m) new depot near Northampton to service the South East is due to commence in early April. He added that the company is also making good progress on plans to build a new dairy in the South West of England and now has a shortlist of suitable sites.
“The new business with Sainsbury’s that commenced in January has settled in well and volume is in line with that anticipated. Likewise, our increased volume with the Co-op in Scotland has also commenced satisfactorily and helped offset the impact of the loss of the ASDA supply contract. We are making final arrangements with regard to commencing our increased Tesco supply contract, which will be implemented in three phases starting on 1 April and completing by the end of that month,” Keane said.
Despite the competitive market place, Keane said the company is optimistic that it can maintain its current market shares with the major multiples.