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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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Real Good Food Loss Narrows, Says Products Well Placed For Christmas

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23 Sep 2015 06:55

Real Good Food Like-For-Like Sales Down But Satisfied With Trading

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15 Sep 2015 06:38

Real Good Food Appoints David Newman As Finance Director

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7 Aug 2015 14:14

Real Good Foods widens losses, optimistic after Napier Brown sale

(ShareCast News) - Real Good Foods (RGF) declined after posting a wider loss before tax, but said it remains confident of the future. The pre-tax loss more than doubled to £3.5m from £1.5m the same time last year, while revenue declined 14.6% to £232.9m. The company said the year ended 31 March was

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7 Aug 2015 06:52

Real Good Food Annual Loss Widens, Says New Year Started Well

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22 Jul 2015 08:18

Real Good Food FD Mike McDonough to step down

(ShareCast News) - Real Good Food, the AIM-listed diversified food company, has announced its group finance director Mike McDonough will leave the business with effect from 31 August. Giving details in a statement on Wednesday, the company said after the sale of Napier Brown Sugar unit for £34m to F

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22 Jul 2015 07:38

Real Good Food Finance Director Mike McDonough To Leave

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4 Jun 2015 08:10

Real Good Food appoints new managing director at Rainbow Dust Colours

Real Good Food, the bakery products manufacturer and supplier, has appointed a new managing director for its Rainbow Dust Colours brand. David Grieve, who will take over the role from June, has 25 years of experience in the sugarcraft, bakery and cake decoration markets. Grieve was previously a mark

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1 Jun 2015 11:56

Shares in Real Good Food jump following successful Napier Brown divestment

Real Good Food expects a positive performance at its Renshaw and Haydens brands to help full-year earnings following a profit warning last month. The bakery products manufacturer and supplier said net sales would come in at £104m, while earnings before interest, taxes, depreciation, and amortisation

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1 Jun 2015 06:52

Real Good Food Says Trading Well As Earnings Improved In Recent Year

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5 May 2015 13:40

DIRECTOR DEALINGS: Real Good Food Non-Executive Buys 50,000 Shares

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1 May 2015 14:01

DIRECTOR DEALINGS: Real Good Food Director's Wife Buys Shares

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29 Apr 2015 09:27

UPDATE 1-France's Tereos to buy British sugar distributor Napier Brown

* Napier Brown's brands include Whitworths Sugar * Puts Tereos in better position for opening of European market (Adds details throughout, Tereos statement) By David Brough and Sybille de La Hamaide LONDON/PARIS, April 29 (Reuters) - French sugar maker Tereos has agreed to buy

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29 Apr 2015 08:20

Tereos to buy sugar distributor Napier Brown

LONDON, April 29 (Reuters) - French sugar maker Tereos has agreed to buy sugar distributor Napier Brown Sugar Ltd, a unit of Real Good Food, for 34 million pounds ($52.27 million) plus working capital in cash on completion of the sale, Real Good Food said in a statement on Wednesday. A gen

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29 Apr 2015 07:52

Real Good Food Shares Up 30% On Napier Grown Sugar Sale Agreement

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