02:00 Wed 20 Nov 2019
Finsbury Food Group - AGM Statement
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On behalf of: |
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For immediate release |
AGM Statement
"As reported in the Group's full year results in September, we significantly outperformed the market in the second half, growing sales and also increasing the final dividend. Notwithstanding the continued external pressures of consumer malaise, cost inflation and macro uncertainty, our unrelenting focus on innovation, efficiency and investment continues to deliver significant progress.
"The momentum from the second half of the previous financial year has been maintained, and we continue to achieve strong growth across the core business. Sales for the first four months of the new financial year grew by 6.4% to
"Whilst the wider macroeconomic and political environment remains challenging in the
For further information:
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029 20 357 500 |
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Cenkos Securities (Corporate Finance)
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Alma PR Rebecca Sanders-Hewett Sam Modlin Hilary Buchanan
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020 3405 0205 |
Notes to editors:
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· The Company is one of the largest speciality bakery groups in the UK and, with its Overseas division, has sales in the financial year ending
· The Company's bakery product range is comprehensive and includes:
o Large premium and celebration cakes.
o Small snacking cake formats such as cake slices and bites.
o Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.
o Gluten Free bread, morning goods and cake ranges.
· The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over
· The Company comprises a core
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o The Overseas division comprises the Company's 50% owned company,
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