Premier Foods plc
11 May 2006
Premier Foods plc
AGM statement
Premier Foods will hold its Annual General Meeting today at 12pm, at
Haberdashers' Hall, 18 West Smithfield, London EC1A 9HQ.
David Kappler, Chairman of Premier Foods, will make the following statement to
shareholders:
'Premier Foods is pleased to announce that current trading for the Group has
continued in line with our expectations and we remain confident in the outlook
for the full year.
'We are seeing positive sales development across our portfolio despite the
challenging trading environment. Our Quorn brand, acquired in June of last year,
has maintained its strong growth, and we are also pleased by the strong
performance of our new Branston Beans which have continued to grow market share.
'We continue to see cost pressures across a wide range of input costs as
energy-related inflation feeds through the supply chain. We plan to mitigate
these cost pressures through our ongoing cost reduction programmes and pricing
improvements.
'Trading at our Fresh Produce division has improved during 2006 as we have
gained contracts on a leaner cost base.
'As we stated on 2 May, we continue to regard acquisitions as an important part
of our strategy. We remain at a preliminary stage in evaluating a number of
opportunities which could meet our acquisition criteria. There can be no
assurance that any of these will lead to a transaction.'
Enquiries:
Premier Foods plc Tel: 01727 815 850
Paul Thomas, Finance Director
Gwyn Tyley, Investor Relations Manager
Citigate Dewe Rogerson Tel: 020 7638 9571
Michael Berkeley
Sara Batchelor
Anthony Kennaway
This information is provided by RNS
The company news service from the London Stock Exchange
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