Bakkavor Makes Good Start To Its 30th Year Of Trading

Bakkavor’s first quarter results for the 13 weeks ended 26 March 2016, show the group’s like-for-like revenue rose 2% to £415.7m with adjusted EBITDA up 23% to £30.5m.

The group said that solid revenues were driven by volume growth in a deflationary market, whilst further improvement in margins were underpinned by productivity improvements.

Commenting on the results, Agust Gudmundsson, Chief Executive Officer said: “I am pleased to report a good start to the Group’s 30th year of trading, with both revenue and margin growth. We continue to make significant progress in our core markets which gives us the confidence to accelerate our capital investment programme, supporting our customers and driving future growth.”