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Michael Barker

BY MICHAEL BARKER

@michaelbarker

Solid sales year for Bakkavor

Prepared food specialist announces 1.5 per cent increase in sales ahead of its full-year announcement later this month

Solid sales year for Bakkavor

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Bakkavor has announced a 1.5 per cent sales increase for the past year.

The fresh-prepared specialist issued a trading update ahead of its full-year announcement on 27 February. It said that group revenue for the 52 weeks ended 28 December 2019 increased by 1.5 per cent, or 1.7 per cent on a like-for-like basis.

The group described the results as representing "encouraging progress". 

"While consumer confidence remains weak in the UK and continued to impact underlying volume growth, revenue on a like-for-like basis increased by 0.2 per cent in the UK, primarily as a result of a gain in H2 in our meals business," Bakkavor stated.

"The International business delivered further volume growth resulting in a 12.8 per cent increase in like-for-like revenue as we broaden our customer base in both regions.

"In the current economic environment, the board considers this to be a solid performance and expects full-year results to be in line with expectations."

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