Cranswick Regulatory News (CWK)

2 Apr 2007 17:22

Cranswick PLC02 April 2007 Cranswick plc ("Cranswick", "the Group" or "the Company") - pre-close periodtrading update Cranswick anticipates that the Group's performance for the full year to 31stMarch 2007 will be in line with management's expectations. Total sales in the final quarter were 20 per cent higher than the correspondingperiod last year. Sales of food products increased by 22 per cent, withcharcuterie, sausage and bacon showing particularly strong growth. Animal feedsales increased by 2 per cent. Excluding the impact of Delico, which wasacquired in November 2006 and is now fully integrated, food sales rose by 17 percent on a like-for-like basis. Turnover in the pet business, which accounted for6 per cent of total Company sales in the quarter, was 6 per cent down followingdisappointing bird food sales. The Company has seen substantial growth in food sales over the past year drivenby its expertise in product development, service levels, quality and value.Whilst further sales growth is anticipated in the forthcoming twelve monthsthere are signs that the Company is facing a more competitive tradingenvironment. Cranswick is well placed to respond to this challenge as the Boardpursues its strategy for the continued successful development of the business. It is intended that the preliminary results for the year ending 31st March 2007 will be announced on 21st May 2007. Enquiries: Martin Davey, Chairman 01482 372080 (mobile 07775 576426) John Lindop, Finance Director 01482 372090 (mobile 07768 362592) This information is provided by RNS The company news service from the London Stock Exchange