31 Aug 2017 07:00
Date: | 31 August 2017 |
On behalf of: | Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group') |
For immediate release | |
Finsbury Food Group Plc
Notice of Results
Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, will announce its Preliminary Results for the year ended 1 July 2017, on Monday 18 September 2017.
An analyst briefing will be held at 10:00am on the day at Redleaf Communications, First Floor, 4 London Wall Buildings, Blomfield Street, London, EC2M 5NT.
Analysts wishing to attend the briefing should contact Redleaf Communications on 0207 382 4730 or email finsbury@redleafpr.com to register.
- ENDS -
For further information: | |
Finsbury Food Group Plc | www.finsburyfoods.co.uk |
John Duffy (Chief Executive) | 029 20 357 500 |
Stephen Boyd (Finance Director) | |
Cenkos Securities plc | |
Bobbie Hilliam (Corporate Finance) | |
Redleaf Communications | finsbury@redleafpr.com |
Elisabeth Cowell | 020 7382 4730 |
Sam Modlin |
|
Notes to Editors:
▪ Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers.
▪ The Company is one of the largest speciality bakery groups in the UK and, with its Overseas division, has sales in the financial year ending 1 July 2017 exceeding £300m
▪ The Company's bakery product range is comprehensive and includes:
- Large premium and celebration cakes.
- Small snacking cake formats such as cake slices and bites.
- Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.
▪ The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over £936m (source: Symphony IRI, 52 w/e 24th June 2017). The annual retail bread and morning goods market has a value of £3.6 billion (source: Kantar Worldpanel 52 weeks to 29 January 2017). The UK foodservice bread and morning goods bakery sector is worth approximately £800 million per annum. The UK foodservice cake and sweet treat bakery sector is worth approximately £465m per annum (UK foodservice data derived from NPD Crest 52 w/e 31st December 2016).
▪ The Company comprises a UK Bakery division and an Overseas division:
- The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Twechar, Salisbury, Sheffield, London and Manchester.
- The Overseas division comprises the Company's 50% owned company, Lightbody Stretz Ltd, which supplies and distributes the Group's UK-manufactured products and third party products, primarily to Europe.