UK convenience food group Uniq has said its continuing sales slid 0.6% in the third quarter, but added that its sales performance had improved from the first half, when continuing sales fell 4.8%.
Go deeper with GlobalData
Sales in Southern Europe edged up 0.5% in the 13 weeks to 25 December at constant exchange rates, reflecting improved trading in the chilled foods division and a reduced rate of decline in the frozen foods division helped by successful new product launches.
In Northern Europe, third-quarter sales declined 3.6% at constant exchange rates, an improvement on the 8.4% drop in sales reported in the first half.
In the UK, Uniq said trading in the third quarter was disappointing, with continuing sales edging up 0.6%, compared to a 0.1% decline in the first half. The company said like-for-like sales to its largest customer were significantly below the level it had anticipated.
However, Uniq said it had won significant new desserts business, worth around £20m (US$37.7m), with UK supermarket chain Tesco; therefore its strategy to create the leading UK own-label desserts business is well on track.
The company also said that from April 2005 annual sales from its Spalding site will be impacted by the loss of £12m business with J Sainsbury, following the retailer’s decision to consolidate further its supplier base in the intensely-competitive prepared salads market.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
