27th Sep 2024 11:16
Cranswick PLC - Hull, England-based premium food producer - Says trading since the end of the first quarter has been "stronger than previously expected", following "continued robust volume growth" in its core UK food business. The first half also benefits from the expansion of its pig farming operations. Cranswick notes that its new hummus facility in Worsley, Manchester was successfully commissioned during the six-month period to September 28.
Cranswick expects financial 2025 results to be towards the upper end of current market consensus, citing market expectations of adjusted pretax profit ranging between GBP179.2 million and GBP191.7 million. This would be up from GBP176.6 million in financial 2024. It will announce its interim results on November 26.
Current stock price: 4,999.48 each, up 6.0% in London on Friday morning
12-month change: up 42%
By Emily Parsons, Alliance News reporter
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