Notice of Results

RNS Number : 3547P

Finsbury Food Group PLC

31 August 2017

 

Date:	31 August 2017
On behalf of:	Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')
For immediate release

Finsbury Food Group Plc

Notice of Results

Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, will announce its Preliminary Results for the year ended 1 July 2017, on Monday 18 September 2017.

An analyst briefing will be held at 10:00am on the day at Redleaf Communications, First Floor, 4 London Wall Buildings, Blomfield Street, London, EC2M 5NT.

Analysts wishing to attend the briefing should contact Redleaf Communications on 0207 382 4730 or email [e-mail] to register. 

- ENDS -

For further information:
Finsbury Food Group Plc	www.finsburyfoods.co.uk
John Duffy (Chief Executive)	029 20 357 500
Stephen Boyd (Finance Director)
Cenkos Securities plc
Bobbie Hilliam (Corporate Finance)
Redleaf Communications	[e-mail]
Elisabeth Cowell	020 7382 4730
Sam Modlin

Notes to Editors:

▪     Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers.

▪     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 1 July 2017 exceeding £300m

▪     The Company's bakery product range is comprehensive and includes:

-    Large premium and celebration cakes.

-    Small snacking cake formats such as cake slices and bites.

-    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.

▪     The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over £936m (source: Symphony IRI, 52 w/e 24th June 2017). The annual retail bread and morning goods market has a value of £3.6 billion (source: Kantar Worldpanel 52 weeks to 29 January 2017). The UK foodservice bread and morning goods bakery sector is worth approximately £800 million per annum. The UK foodservice cake and sweet treat bakery sector is worth approximately £465m per annum (UK foodservice data derived from NPD Crest 52 w/e 31^st December 2016).

▪     The Company comprises a UK Bakery division and an Overseas division:

-    The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Twechar, Salisbury, Sheffield, London and Manchester.

-    The Overseas division comprises the Company's 50% owned company, Lightbody Stretz Ltd, which supplies and distributes the Group's UK-manufactured products and third party products, primarily to Europe.

 

END

 

 

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