Cranswick PLC
02 April 2007
Cranswick plc ('Cranswick', 'the Group' or 'the Company') - pre-close period
trading update
Cranswick anticipates that the Group's performance for the full year to 31st
March 2007 will be in line with management's expectations.
Total sales in the final quarter were 20 per cent higher than the corresponding
period last year. Sales of food products increased by 22 per cent, with
charcuterie, sausage and bacon showing particularly strong growth. Animal feed
sales increased by 2 per cent. Excluding the impact of Delico, which was
acquired in November 2006 and is now fully integrated, food sales rose by 17 per
cent on a like-for-like basis. Turnover in the pet business, which accounted for
6 per cent of total Company sales in the quarter, was 6 per cent down following
disappointing bird food sales.
The Company has seen substantial growth in food sales over the past year driven
by its expertise in product development, service levels, quality and value.
Whilst further sales growth is anticipated in the forthcoming twelve months
there are signs that the Company is facing a more competitive trading
environment. Cranswick is well placed to respond to this challenge as the Board
pursues its strategy for the continued successful development of the business.
It is intended that the preliminary results for the year ending 31st March 2007
will be announced on 21st May 2007.
Enquiries:
Martin Davey, Chairman 01482 372080 (mobile 07775 576426)
John Lindop, Finance Director 01482 372090 (mobile 07768 362592)
This information is provided by RNS
The company news service from the London Stock Exchange
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