Swallowfield plc provided earnings guidance for the year ended June 30, 2018. For the full year, the company expects group revenues to be similar to those reported in the prior year, driven by a strong double-digit growth in its Brands business and single digit decline in its Contract Manufacturing business. The company expects group pre-tax profit for the full year to be significantly ahead of that reported last year, driven by the strong performance of its Brands business and reflecting a reduction in LTIP charges, with underlying operating profit marginally behind last year. The acquisition of the Fish brand, deferred consideration for Brand Architekts, along with the maturing of LTIP awards and the timing impact of cash receipts from customer sales, have resulted in an increase in the group's net debt position to £11 million as at June 30, 2018. The company expects net debt to reduce significantly early in the new financial year.