Cranswick PLC
24 January 2007
Cranswick plc ('Cranswick' or 'the Company') - third quarter trading statement
Cranswick has continued to perform well. Total sales in the three months to 31
December 2006 were £140 million, an increase of 22 per cent compared with the
same period last year.
Total food sales showed an increase of 24 per cent compared with the same period
last year. Sales of food products increased by 27 per cent, with all categories
showing good growth. Animal feed sales increased by 14 per cent. Excluding the
impact of Delico, which was acquired in November 2006 and is currently in the
process of being integrated, food sales rose by 21 per cent on a like-for-like
basis.
Turnover in the pet business, which accounted for 6 per cent of total Company
sales in the quarter, was down 5 per cent following disappointing bird food
sales. A fire at the Chorleywood warehouse in December caused some disruption
although the profit impact will be minimal as the business is fully insured.
The cash flow of the business was in line with expectations.
Enquiries:
Cranswick plc
Martin Davey, Chairman 07775 576426
John Lindop, Finance Director 01482 372090 (mobile 07768 362592)
Notes to editors:
1. Cranswick, based in the East Riding of Yorkshire, is the UK's leading
supplier of premium pork products. The Company supplies a range of fresh
pork, gourmet sausages, traditional dry cured bacon, cooked meats,
charcuterie and sandwiches.
2. In the year to March 2006 the Company recorded sales of £441 million and
profit before tax of £31.1 million. Earnings per share over the ten years to
this date grew at a compound rate of over 20 per cent per annum. Sales in
the six months to September 2006 rose 14 per cent compared with the same
period in the previous year.
3. The Company has won many awards over the years including 'UK Meat
Manufacturer of the Year' in 2005 and producer of 'Britain's Best Sausage'
in 2006. In addition Cranswick's pre-packed turkey range was named 'Best
Ready to Eat Product' in 2006 industry awards.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.