Notice of Results

RNS Number : 1986Z

Finsbury Food Group PLC

30 August 2018

 

Date:	30 August 2018
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 2018, on Monday 17 September 2018.

Analysts wishing to attend the briefing should contact Alma PR on 0208 004 4217 or email [e-mail] to register. 

For further information:

Finsbury Food Group                       www.finsburyfoods.co.uk                   029 20 357 500

John Duffy (Chief Executive)

Steve Boyd (Finance Director)

Cenkos Securities

Max Hartley (Corporate Finance)

Alma PR                                          [e-mail]                        0208 004 4217

Rebecca Sanders-Hewett

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:

o Large premium and celebration cakes.

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

o 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 £944 million (source: Symphony IRI, 52 w/e 6th January 2018). The annual retail bread and morning goods market has a value of £3.8 billion (source: Kantar Worldpanel 52 weeks to 31st December 2017). The UK foodservice bread and morning goods bakery sector is worth approximately £836 million per annum. The UK foodservice cake and sweet treat bakery sector is worth approximately £494 million per annum (UK foodservice data derived from NPD Crest 52 w/e 30^th June 2017). 

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

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

o 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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