Last checked at 24 Mar 2022 07:00
24 March 2022
Cranswick plc
("Cranswick" or "the Company" or "the Group")
Site visit
Cranswick plc, a leading UK food producer, is today holding a site visit for analysts and institutional investors at the Company's fresh poultry site in Eye, Suffolk.
Poultry represented 19% of group revenue for the six months ended 25 September 2021, up 35.5%, with strong growth in both Fresh and Cooked Poultry. Average volumes at the Eye facility are currently running at approximately 1.4m birds per week, up from 1.1m a year earlier. Over the last eight years, the group has invested over £220m in its Poultry operations and developed a unique, fully vertically integrated supply chain. Further growth opportunities exist.
No material new information will be disclosed in today's presentations.
A copy of the presentations made to attendees will subsequently be made available on Cranswick's website: https://cranswick.plc.uk/.
Enquiries:
Cranswick plc |
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Mark Bottomley, Chief Financial Officer | 01482 275 000 |
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Powerscourt |
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Nick Dibden / Chloe Retief | 020 7250 1446 |
| cranswick@powerscourt-group.com |
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Notes:
1. Cranswick is a leading and innovative supplier of premium, fresh and added value food products. The business employs over 13,000 people. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high quality, predominantly fresh food, including fresh pork, poultry, convenience and gourmet products. The business develops innovative, great tasting food products to the highest standards of food safety and traceability. The Group supplies the major grocery multiples as well as the growing premium and discounter retail channels. Cranswick also has a strong presence in the 'food-to-go' sector and a substantial export business. Results for the 52 weeks to 27 March 2021 showed revenue of £1,898m and profit before tax of £114.8m. For more information go to: www.cranswick.plc.uk
2. Cranswick is committed to ensuring that its business activities are sustainable from farm-to-fork. Its ambitious sustainability strategy 'Second Nature' has been developed to deliver the Group's vision to become the world's most sustainable meat business. Cranswick has committed to be a Net Zero business across its operations by 2040. Find out more at: www.thisissecondnature.co.uk