AGM Statement and Trading Update

RNS Number : 8759Z

Real Good Food PLC

23 September 2015

 

Strictly embargoed until: 07.00 on 23^rd September 2015

Real Good Food plc

("the Group" or "Real Good Food")

AGM Statement and Trading Update

Real Good Food plc (AIM:RGD) will today hold its Annual General Meeting at 11.30 a.m. at Haberdashers' Hall, 18 West Smithfield, London EC1A 9HQ.

At the meeting Pieter Totté, Executive Chairman, will make the following statement:

"Overall we are very satisfied with the way that trading has started during the early part of our new financial year.  Pleasingly, our cake decorating businesses continue to perform well, showing good EBITDA growth with our most recent acquisition, Rainbow Dust, making a healthy contribution.

"Total Group revenue is currently down on a like-for-like annual basis, but this is entirely attributable to continued commodity price deflation, particularly in both the dairy and sugar markets, which affected our Garretts Ingredients subsidiary.

"Despite this, the three pillar business strategy we announced at the time of our year end results is working well and overall trading for the Group is currently in line with market expectations.

"We look forward to the key autumn and Christmas season with confidence."

*-ends-*

About Real Good Food plc

Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale, foodservice and export. The Company focuses on three main markets: cake decoration (Renshaw, Rainbow Dust Colours), food ingredients (Garrett Ingredients and R&W Scott) and premium bakery (Haydens).

ENQUIRIES:

Real Good Food plc
Pieter Totté, Executive Chairman	Tel: [phone]
David Newman, Finance Director	Tel: [phone]
Andrew Brown, Marketing Director	Tel: [phone]
Shore Capital & Corporate (Nomad and Joint Broker)
Stephane Auton	Tel: [phone]
Patrick Castle
Daniel Stewart and Company Plc (Joint Broker)
Martin Lampshire	Tel: [phone]
Belvedere Communications (PR)
John West	Tel: [phone]
Kim van Beeck

 

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