Pre close period update

Cranswick PLC 23 March 2005 Cranswick plc ('Cranswick' or 'Company' or 'Group') Pre close period update Cranswick will announce its preliminary results for the year ending 31 March 2005 on 24 May 2005. In advance of this, Cranswick is pleased to announce that it anticipates that the Group's performance for the full year to 31 March 2005 will be in line with expectations despite the challenging trading environment experienced in the fourth quarter. Current indications for the fourth quarter are that total sales, excluding Perkins Chilled Foods acquired in January 2005, will be some 7% higher than the same period last year. Of this, sales of food products will be 17% higher with fresh pork, charcuterie and sandwiches continuing to show particularly strong growth. Although, as expected, animal feed sales will be significantly down following the rationalisation of milling capacity undertaken earlier in the financial year, there has been a significant improvement in bottom line contribution. Perkins Chilled Foods continues to integrate well. Pet sales for the fourth quarter will be some 10% down in comparison to the same period last year due largely to a lack of promotional activity on pet food. Following the Cottingham fire in June last year, discussions are progressing with insurers regarding the claim. Cautious assumptions have been made in arriving at the amount of the claim to be included in the full year results. Following completion of work on the new sausage factory in Hull and the new pet food facility at Driffield the Company is now at the end of its major capital expenditure programme to provide the foundations for future organic growth. Consequently, borrowings are expected to reduce in line with market expectations. Martin Davey, Chairman of Cranswick, commented: 'With the recent investment in production facilities and the acquisition of Perkins Chilled Foods the Company is well positioned to continue its record of growth' The information provided above in respect of the Company's performance for the year ending 31 March 2005 is indicative, subject to final review, and has not been audited. Enquiries: Martin Davey - Chairman ) ) 01377 270649 John Lindop - Finance Director ) This information is provided by RNS The company news service from the London Stock Exchange

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Cranswick (CWK)
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