The Real Good Food Co. said it has seen “good trading progress” in all three of its businesses during the first half of the year as sales jumped 20%.
The UK sugar and ingredients company said today (29 July) that it experienced “strong sales growth” at it Renshaws baking ingredients business, as well as at Hayden’s Bakeries division, as overall sales rose 20%.
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Lower prices, however, impacted overall turnover in the Napier Brown sugar business.
Nevertheless, Real Good Food said a tightening of the supply position is expected to lead to a recovery in pricing levels at the start of the new contract season in October.
“I am delighted by the ways in which we are starting to realise the full potential of our three businesses,” said Pieter Totté, executive chairman.
“At Renshaws we are successfully exploiting the growing market at home and overseas for home baking, as well as building a branded business; at Hayden’s we are building ever stronger relationships with our key customers, and at Napier Brown we are poised to benefit from a long-awaited turn-around in the sugar market, following the EU-led cuts in supply levels.”
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By GlobalDataThe company said it will launch a range of branded products during the second half of the year.
“We look forward to the seasonally-stronger second half with considerable confidence,” Totté said.
