News blog

Finsbury Food Group

  • BY: Andrew Hore |
  • POSTED: 24/11/2011 |

Cakes and speciality breads maker Finsbury Food Group says that it has achieved organic growth of 17% in the first four months of its financial year.

Revenues were £68.3m in the four months to October 2011 and the growth came from a combination of higher volumes and price rises. All parts of the group contributed to the growth but trading remains challenging.  Shoppers are still cautious and some costs are rising. Increased sales have only partially offset the cost increases so operating margins have declined.

Growth rates are likely to decline because of the timing of last year’s new product launches and promotional activity. These tougher comparatives mean that growth will be moderate from then on.

At 27.5p a share, Finsbury is valued at £14.7m. Net debt was £32.7m at the end of June 2011.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds