3 Feb 2016 07:00
Date: | 3 February 2016 |
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 manufacturer of cake, bread and morning goods for both the retail and foodservice channels, will announce its interim results for the six months ended 26 December 2015, on Wednesday 16 March 2016.
An analyst briefing will be held at 1000hrs 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.
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For further information: |
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Finsbury Food Group Plc | www.finsburyfoods.co.uk |
John Duffy (Chief Executive) | 029 20 357 500 |
Stephen Boyd (Finance Director) |
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Cenkos Securities plc |
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Bobbie Hilliam (Corporate Finance) |
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Alex Aylen (Sales) |
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Redleaf Communications | finsbury@redleafpr.com |
Rebecca Sanders-Hewett | 020 7382 4730 |
Sarah Fabietti |
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Harriet Lynch |
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Publication quality photographs are available via Redleaf Communications on the numbers shown above.
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.
▪ Following the acquisition of the Fletchers Group of bakeries, the Company is one of the largest speciality bakery groups in the UK with annualised sales in 2015 approaching £300 million.
▪ The Company's bakery product range is comprehensive and includes:
o Large premium and celebration cakes.
o Small snacking cake formats such as cake slices and bites.
o 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 a leading manufacturer and supplier of ambient packaged cake (excluding In Store Bakery) and bread and morning goods in the UK within the grocery retail and the UK foodservice bakery sectors. The ambient cake market (excluding In Store Bakery) is valued at £948 million (Source Symphony IRI 52 w/e 5 December 2015). The annual bread and morning goods market has a value in excess of £4.1 billion (source Kantar Worldpanel). The UK foodservice bakery sector is worth approximately £800 million per annum and the UK foodservice cake and sweet treats market is worth approximately £500 million per annum.
▪ The Company comprises a UK Bakery division and an Overseas division:
o UK Bakery has manufacturing sites in Cardiff, Hamilton, East Kilbride, Salisbury, Sheffield, London and Manchester.
o Overseas division comprises the Company's 50% owned subsidiary, Lightbody Stretz Ltd, which supplies and distributes the Group's UK manufactured products and third party products, primarily to Europe.