22 July 2022 - trading update

The AIM-listed speciality bakery company has issued an update for the year ending on 2 July 2022 and this has confirmed a robust performance in line with expectations.  Revenues for the year of £357m are some 14% ahead of the previous year with an 18.7% increase in second half revenues as the sales momentum gathered strength.  Although cost inflation was an issue during the year these were mitigated through higher prices and improvements in operational practices.  The group has negotiated a new long-term borrowing facility of £120m and with food manufacturers trading . . .

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