Bakkavor Group PLC Trading Statement (4253N)
January 18 2019 - 2:00AM
UK Regulatory
TIDMBAKK
RNS Number : 4253N
Bakkavor Group PLC
18 January 2019
18 January 2019
Bakkavor Group plc
Pre-Close Trading Statement
Bakkavor Group plc ("the Group"), the leading provider of fresh
prepared food, announces the following update for the 52 weeks
ended 29 December 2018, ahead of its preliminary results
announcement on 28 February 2019.
Group revenue on a reported basis increased by 2.2% and on a
like-for-like* basis increased by 3.2% compared to the equivalent
period in 2017, with good progress made across the Group.
Whilst consumer confidence has continued to be weak, revenue on
a like-for-like* basis increased by 1.8% in the UK. The
International business delivered good volume growth resulting in a
16.0% increase in like-for-like* revenue.
In the current economic climate, the Board considers this to be
a robust performance and confirms that expectations for the full
year are unchanged.
Enquiries:
Institutional Investors and analysts:
Peter Gates, Chief Financial Officer
Sally Barrett-Jolley, Head of Corporate Affairs +44 (0) 20 7908
6135
Media:
Catherine James, Will Smith, Jessica Reid
Tulchan Communications +44 (0) 20 7353 4200
*Like-for-like revenue excludes associates, the impact of
acquisitions, disposals, closures and foreign exchange
translation.
LEI number: 213800COL7AD54YU9949
DISCLAIMER - FORWARD-LOOKING STATEMENTS
This trading update, prepared by Bakkavor Group plc (the
"Company"), may contain forward-looking statements about Bakkavor
Group plc and its subsidiaries (the "Group"). Forward-looking
statements involve uncertainties because they relate to events, and
depend on circumstances, that will, or may, occur in the future. If
the assumptions on which the Group bases its forward-looking
statements change, actual results may differ from those expressed
in such statements. Forward-looking statements speak only as of the
date they are made and the Company undertakes no obligation to
update these forward-looking statements. Nothing in this statement
should be construed as a profit forecast. Some numbers and period
on period percentages in this statement have been rounded or
adjusted in order to ensure consistency with the financial
information.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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