Hardman Issues Research Report

RNS Number : 8396F

Real Good Food PLC

16 November 2015

 

Hardman & Co issues research report on Real Good Food Company

Gross margin up 3.6% points at interim stage:  Real Good Food has transformed its prospects through corporate action over the past nine months. The market has yet to catch up with this. Importantly, the mix of business is biased to higher margin and growth markets. For example, Renshaw (72% Group operating profits) reported H1 10.8% operating margins up from 9.3% through a focus on sales mix. We therefore see good margin expansion for FY16E  and strong prospects thereafter. Trading in the seasonally important Q3 has seen "strong sales trends… at Haydens Bakery and Cake Decorating Businesses."

Please click here for the full report:

http://www.hardmanandco.com/system/files/research_papers/RGF%20November%2015.pdf

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