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Fred Searle

BY FRED SEARLE

Profit margins grow for first time in three years

UK fresh produce businesses see average profits (as a percentage of sales) rise to 1.3 per cent, outdoing European rivals

Profit margins grow for first time in three years

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Average profit margins in the UK fresh produce industry have risen for the first time in three years, according to new data released by market analyst Plimsoll Publishing. 

The latest figures show average profit margins have risen to 1.3 per cent for the current year. 

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Source: Plimsoll Publishing Limited, Fresh ProduceAnalysis (May 2019)

The figures, taken from an analysis of 887 UK fresh produce companies, represent a small but positive increase compared to the 1.1 per cent average profit margins recorded over the last two years. 

Average company profit margins have increased consistently across the industry over the past year, with the exception of companies with sales between £10 million and £30m, who saw average profit margins drop from 2.7 per cent to 2.3 per cent for the current year. 

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Source: Plimsoll Publishing Limited, Fresh ProduceAnalysis (May 2019)

Data from France, Italy, Spain and the rest of Europe reveals the UK is the only market to have seen an increase in average profit margins in the fresh fruit and vegetable sector. Across the rest of the continent average profit margins remained static over the past year.  

 

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Source: Plimsoll Publishing Limited, Fresh Produce Analysis (May 2019)

The figures are taken from independent market analysis of 1,600 industries by Plimsoll Publishing, which is updated with the latest data from Companies House. 

The figures are taken from independent market analysis of 1,600 industries by Plimsoll Publishing, which is updated with the latest data from Companies House. 

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