11th May 2006 07:01
Premier Foods plc11 May 2006 Premier Foods plc AGM statement Premier Foods will hold its Annual General Meeting today at 12pm, atHaberdashers' Hall, 18 West Smithfield, London EC1A 9HQ. David Kappler, Chairman of Premier Foods, will make the following statement toshareholders: "Premier Foods is pleased to announce that current trading for the Group hascontinued in line with our expectations and we remain confident in the outlookfor the full year. "We are seeing positive sales development across our portfolio despite thechallenging trading environment. Our Quorn brand, acquired in June of last year,has maintained its strong growth, and we are also pleased by the strongperformance of our new Branston Beans which have continued to grow market share. "We continue to see cost pressures across a wide range of input costs asenergy-related inflation feeds through the supply chain. We plan to mitigatethese cost pressures through our ongoing cost reduction programmes and pricingimprovements. "Trading at our Fresh Produce division has improved during 2006 as we havegained contracts on a leaner cost base. "As we stated on 2 May, we continue to regard acquisitions as an important partof our strategy. We remain at a preliminary stage in evaluating a number ofopportunities which could meet our acquisition criteria. There can be noassurance that any of these will lead to a transaction." Enquiries:Premier Foods plc Tel: 01727 815 850Paul Thomas, Finance DirectorGwyn Tyley, Investor Relations Manager Citigate Dewe Rogerson Tel: 020 7638 9571Michael BerkeleySara BatchelorAnthony Kennaway This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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