20th Nov 2019 10:55
(Alliance News) - Finsbury Food Group PLC on Wednesday said sales were up in the first half of its current financial year and it expects to meet market expectations.
Speaking at the baker's annual general meeting, Non-Executive Chair Peter Baker said the company has maintained momentum from its previous financial year, which ended June 29, with "strong" core business growth.
In the first four months of its new financial year ending June 2020, Finsbury Food experienced 6.4% sales growth to GBP101.5 million thanks to its UK retail and foodservice performance, plus new business wins and "innovation across the group".
"Whilst the wider macroeconomic and political environment remains challenging in the UK, the group is in its strongest position in recent years, and the board is confident in achieving market expectations in financial 2020," said Baker.
Shares in Finsbury Food were down 1.1% at 84.30 pence in London on Wednesday morning.
By Anna Farley; [email protected]
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