The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBakkavor Share News (BAKK)

Share Price Information for Bakkavor (BAKK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 126.00
Bid: 124.50
Ask: 126.00
Change: 5.00 (4.13%)
Spread: 1.50 (1.205%)
Open: 122.50
High: 127.00
Low: 122.50
Prev. Close: 121.00
BAKK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bakkavor first-half revenue rise; ups full-year guidance

Wed, 06th Sep 2023 09:22

(Alliance News) - Bakkavor Group PLC on Wednesday said revenue rose in the first half, as it upped its dividend on the "improved strength" of its financial position.

The London-based food manufacturing company reported that revenue increased 7.9% to GBP1.09 billion in the first half of 2023, from GBP1.01 billion the year prior. The increase was largely a result of price increases, with volume falling by 0.4% in the period.

The firm said pretax profit grew 0.3% to GBP32.6 million, from GBP32.5 million a year ago. Finance costs increased to GBP13.3 million from GBP8.9 million, it said.

Bakkavor declared an interim dividend of 2.91 pence per share, increasing from 2.77p in the first half of 2022. The dividend increase was based on the firm's strong financial position and cash generation.

Looking ahead, the company upgraded its full-year guidance to an operating profit of GBP89.4 million, from a previous expectation of GBP84.7 million.

Chief Executive Mike Edwards said: "I am pleased with the strong performance the Group has delivered in the first half, and the momentum this has created as we move through the rest of the year. As ever, the great people we have in the business have been fundamental to our success and I would like to thank them for their relentless hard work and commitment.

"We are confident in delivering an upgraded full-year performance, with adjusted operating profit now anticipated to be at least in line with last year and ahead of current market expectations. This is underpinned by the execution of our restructuring, which is driving performance and synergies across the business ahead of our expectations. I am also pleased that we now have momentum building in all three regions, which is positive as we look forward."

Bakkavor shares rose 4.0% to 103.00 pence each on Wednesday morning in London.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Sep 2019 13:03

Friday broker round-up

(Sharecast News) - Antofagasta: UBS downgrades to sell with a target price of 850p.

Read more
10 Sep 2019 09:27

Bakkavor Posts Interim Revenue Rise, Forecasts Improved Second Half

(Alliance News) - Bakkavor Group PLC on Monday reported growth in first half revenue grew amid a resilient performance in challenging period.The FTSE 250-listed company - which provides and

Read more
10 Sep 2019 08:10

Bakkavor H1 profit drops as UK remains challenging

(Sharecast News) - FTSE 250 food manufacturing company Bakkavor reported a drop in first-half pre-tax profit on Tuesday as trading in the UK remained challenging but the international business performed well.

Read more
3 Sep 2019 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 September Oxford BiomedicaHalf Year ResultsDunelm GroupFull Year Year Income

Read more
5 Jun 2019 15:09

FTSE 250 movers: Provident Financial soars, Saga slips

(Sharecast News) - London's FTSE 250 was up 0.69% at 19,139.81 in afternoon trade on Wednesday, with Provident Financial leading the index higher.

Read more
23 May 2019 08:42

Bakkavor Retains 2019 Guidance As Trading In Line Despite Challenges

LONDON (Alliance News) - Bakkavor Group PLC on Thursday said trading since the year end has been in line with management expectations despite the continuation of subdued consumer confidence and of

Read more
23 May 2019 07:59

Bakkavor holds FY guidance in face of 'subdued' consumer confidence

(Sharecast News) - Fresh food maker Bakkavor on Thursday maintained full year guidance despite continued subdued consumer confidence and inflationary pressures.

Read more
16 May 2019 17:55

UK Shareholder Meetings Calendar - Next 7 Days

Friday 17 MayRestaurant GroupBank of Georgia GroupCentaur MediaCairn Continental 20

Read more
16 May 2019 09:18

Bakkavor Group To Acquire Desserts Business Blueberry Foods

LONDON (Alliance News) - Bakkavor Group PLC on Thursday said it entered into an agreement to acquired UK dessert business Blueberry Foods from Samworth Brothers Ltd.The FTSE 250-listed of a

Read more
16 May 2019 09:00

Bakkavor sweetens its offering with dessert business acquisition

(Sharecast News) - Bakkavor said on Thursday that it has agreed to buy desserts business Blueberry Foods from Samworth Brothers Limited for an undisclosed sum.

Read more
8 Apr 2019 15:57

FTSE 250 movers: Saga sinks, Indivior increases

(Sharecast News) - London's FTSE 250 index was 0.09% lower at 19,520.63 in afternoon trade on Monday, as Saga dragged the index lower.

Read more
8 Apr 2019 08:30

Monday broker round-up

(Sharecast News) - Moneysupermarket: Berenberg downgrades to sell with a target price of 285p.

Read more
15 Mar 2019 12:46

Friday broker round-up

(Sharecast News) - Bakkavor Group: Berenberg downgrades to sell with a target price of 105p.

Read more
15 Mar 2019 09:16

Berenberg more cautious on food manufacturers, downgrades Greencore and Bakkavor

(Sharecast News) - Berenberg downgraded its recommendations on Greencore and Bakkavor on Friday as it turned more cautious on the near-term outlook for food manufacturers.

Read more
28 Feb 2019 12:02

LONDON MARKET MIDDAY: Risk Sentiment Goes Missing Amid Global Worries

LONDON (Alliance News) - Risk-on appetite was lacking on Thursday with London stocks posting declines and New York set for losses as well amid a raft of geopolitical concerns, including concerns a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.