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Real Good Food lifts sales

Tue, 03rd Jul 2012 07:05

Liverpool based sugar producer the Real Good Food Company lifted sales for the 15-months to end March following a robust performance from Renshaw and Garrett Ingredients. Revenue for the 15-month period increased to £305.5m from £249m for 12 months to 31 December 2010. EBITDA jumped 62% to £9.1m during the same period.Last year Real Good Food announced it was moving its reference date from 31 December to 31 March to better align its financial reporting with its trading seasonality.Napier Brown, Garrett and Renshaw all increased their EBITDA performance year on year, the cake maker and ingredients supplier said.Chairman Pieter Totte commented: "In 2011 we delivered on our commitment to return to growth in sales and profitability. We are now embarking on an exciting period designed to transform the scale of the group over the next three years. This strategy is rooted in robust plans produced by each individual business and we have restructured the group to support these." The group saw a significant improvement in EPS adjusted (fully diluted excluding significant items) at 5.7p for 15 months to 31 March 2012 up 119% on 2.6p for 12 months to 31 December 2010.Net Debt as at 31 March 2012 fell to £28.7m from £29.4m at 31 March 2011 in line with expectations.Last month Mauritius-based sugar giant Omnicane increased its stake in Real Good Food to 20%, helping Real Good Food reduce debts and provide alternative sources of sugar following the Sugar Regime reform."Customers in the EU are looking for alternative sources of sugar to provide competition to the reducing number of big EU beet producers," Real Good Food explained. "Omnicane can provide the experience and expertise in cane refining and Napier Brown can provide the routes to market, particularly in Europe where customers want and need new supply sources," it said.CJ
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9 Mar 2020 18:04

Real Good Food Executive Director Richardson To Leave For New Role

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29 Nov 2019 09:11

Real Good Food Interim Loss Narrows; Confident In Making Progress

Real Good Food Interim Loss Narrows; Confident In Making Progress

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29 Nov 2019 07:38

Food ingredients division helps Real Good Food to narrow losses

(Sharecast News) - Real Good Food posted a narrowing of its interim losses on Friday as a "stellar" performance from its food ingredients business and cost savings helped to offset a more challenging period for the cake decorations segment.

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24 Oct 2019 15:00

Real Good Food Appoints Gail Lumsden As Non-Executive Director

Real Good Food Appoints Gail Lumsden As Non-Executive Director

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10 Oct 2019 12:05

Real Good Food Appoints Frenkel Topping Chair As Executive Director

Real Good Food Appoints Frenkel Topping Chair As Executive Director

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26 Sep 2019 12:48

Real Good Food Reports Mixed Performance In Recently Started Year

Real Good Food Reports Mixed Performance In Recently Started Year

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26 Sep 2019 09:40

Real Good Food hails 'very positive' trading

(Sharecast News) - Food manufacturer Real Good Food said on Thursday that trading in the new financial year had been "very positive".

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3 Sep 2019 11:25

Real Good Food Boss Cawley Resigns Amid Major Role Change On Disposals

(Alliance News) - Cake decoration and food ingredients firm Real Good Food PLC said Tuesday Chief Executive Officer Hugh Cawley will step down from the firm after a series of asset disposals the -

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3 Sep 2019 09:03

Real Good Food CEO Hugh Cawley steps down

(Sharecast News) - Real Good Food said on Tuesday that chief executive officer Hugh Cawley will step down with immediate effect and leave the company at the end of the month.

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30 Aug 2019 14:02

Real Good Food Non-Executive Steve Dawson To Step Down October End

(Alliance News) - Real Good Food PLC on Friday said Independent Non-Executive Director Steve Dawson will be stepping down from the board on October 31.Dawson joined the food business, which

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23 Aug 2019 12:08

Real Good Food secures new ?8.87m credit facility

(Sharecast News) - Real Good Food has secured a total credit facility of £8.87m from Leumi ABL, it announced on Friday, enabling it to repay certain debt facilities provided by its three major shareholders - Napier Brown, Omnicane International Investors, and certain funds managed by Downing LLP.

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23 Aug 2019 10:39

Real Good Food Secures GBP8.9 Million Loan Facility From Leumi

(Alliance News) - Cake decoration and food ingredients maker Real Good Food PLC said Friday it has secured a total credit facility of GBP8.9 million from lender Leumi ABL Ltd.The loan a a a

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16 Aug 2019 10:57

WINNERS & LOSERS SUMMARY: RBS Makes Partial Comeback After Steep Fall

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Hiscox, a

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16 Aug 2019 09:27

Real Good Food Annual Loss Widens; Current Trading Robust

(Alliance News) - Cake decoration and food ingredients business Real Good Food PLC on Friday said impairment charges related to a business turnaround programme led to a sharply widened annual a of

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16 Aug 2019 07:36

Real Good Food annual loss widens to £27m

(Sharecast News) - Real Good Food said it was trading in line with its own modest expectations on Friday as the food ingredients and cake decoration company reported a £27m annual loss.

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