11th May 2007 12:30
ANNUAL GENERAL MEETING - CHAIRMAN'S STATEMENT
11th May 2007
At the Annual General Meeting of Aga Foodservice Group plc today, the Chairman, Vic Cocker said:-
'In 2006 we achieved another good set of results with revenues and operating profits from continuing businesses up 15%. This was led by our core consumer brands - Aga, Rangemaster and Marvel. We also saw progress in foodservice assisted by the contribution of Eloma and Amana, both of which were acquired in the year and are central to the development of our 'hot side' commercial businesses.
Our continued earnings growth and strong finances enabled us not only to propose an increased final ordinary dividend of 7 pence per share but to also propose a special dividend of 43 pence, payable early next month if approved by shareholders at this meeting.
We have already created strong market positions in our chosen sectors and now look to drive returns from those further. We remain determined to see that shareholder value is derived from these positions as structural change continues in those sectors.
The start of 2007 has seen a continuation of the trends seen in the second half of 2006. The strength of our UK product offering and the positions we have created internationally continue to provide momentum. We have set ourselves the target to take return on sales to over 10% and return on capital to over 15% by 2009. We see 2007 as another year of progress.'
Enquiries:
Pam Sissons, Company Secretary +44 (0)121 711 6000 Aga Foodservice Group plc
AGA FOODSERVICE GROUP PLCRelated Shares:
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