Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Finsbury Food Group Plc
  6. News
  7. Summary
    FIF   GB0009186429

FINSBURY FOOD GROUP PLC

(FIF)
  Report
Delayed London Stock Exchange  -  03:29:51 2023-01-27 am EST
94.75 GBX   +0.26%
01/19FTSE 100 Closes Down 1.1% as Early Year Optimism Runs Into Turbulence
DJ
01/19Finsbury Food sees sales rise on price recovery strategy in first half
AN
01/19Sterling Could Fall as BOE Stays Cautious
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Finsbury Food says "record" 2022 continues into 2023 despite headwinds

11/17/2022 | 10:40am EST

(Alliance News) - Finsbury Food Group PLC on Thursday said its "record" performance from the 2022 financial year has continued into the new year.

The Cardiff-based speciality bakery manufacturer said sales in the first four months of the new financial year after July 2 grew 16% year-on-year to GBP122.8 million, driven by both 1.1% volume growth and a price recovery of 15%.

However, it cautioned that it expects macroeconomic uncertainties to continue.

"To have delivered a record revenue performance that was in line with market expectations despite the numerous and complex challenges that we were faced with demonstrated the resilience and agility of the group," said Non-Executive Chair Peter Barker, referring to its full-year results published in September.

"These challenges started with the effects of the Covid-19 crisis followed by the significant cost inflation of all inputs whether it be materials, utilities, labour and, indeed, overheads in general," Barker continued.

Barker added the macroeconomic and cost inflation headwinds experienced in the current financial year so far have exceeded those experienced during 2022.

He also observed a shift in customer behaviour, spending less in expensive retail channels and instead seeking greater value for money. He predicted this would accelerate food retailer's "own-label" sales.

Shares in Finsbury Food fell by 0.4% to 90.62 pence in London on Thursday afternoon.

By Greg Rosenvinge; gregrosenvinge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

All news about FINSBURY FOOD GROUP PLC
01/19FTSE 100 Closes Down 1.1% as Early Year Optimism Runs Into Turbulence
DJ
01/19Finsbury Food sees sales rise on price recovery strategy in first half
AN
01/19Sterling Could Fall as BOE Stays Cautious
DJ
01/19UK House Prices Falling Faster than Expected - RICS
DJ
01/19UK Housebuilders Fall as Market Hits Weakest Since 2010
DJ
01/19FTSE 100 Falls After Losses on Wall Street
DJ
2022FINSBURY FOOD GROUP PLC : Ex-dividend day for final dividend
FA
2022FTSE 100 Closed Down 0.1% as U.K.'s New Fiscal Plan Foresees Coming Austerity
DJ
2022Finsbury Food says "record" 2022 continues into 2023 despite headwinds
AN
2022Large UK Fiscal Tightening Could Reduce Need for Rate Rises in 2023
DJ
More news
Financials
Sales 2023 390 M 482 M 482 M
Net income 2023 13,1 M 16,2 M 16,2 M
Net Debt 2023 14,4 M 17,8 M 17,8 M
P/E ratio 2023 9,09x
Yield 2023 2,75%
Capitalization 117 M 145 M 145 M
EV / Sales 2023 0,34x
EV / Sales 2024 0,31x
Nbr of Employees 3 304
Free-Float 75,6%
Chart FINSBURY FOOD GROUP PLC
Duration : Period :
Finsbury Food Group Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FINSBURY FOOD GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 94,50 GBX
Average target price 112,00 GBX
Spread / Average Target 18,5%
EPS Revisions
Managers and Directors
John Gerald Duffy Chief Executive Officer & Executive Director
Stephen Alexander Boyd Group Finance Director & Executive Director
Peter Baker Non-Executive Chairman
Frances Swallow Group Director-Technical
Lucy Wills Group Director-Operations
Sector and Competitors
1st jan.Capi. (M$)
FINSBURY FOOD GROUP PLC2.72%145
GRUPO BIMBO, S.A.B. DE C.V.16.28%22 481
FLOWERS FOODS, INC.-7.10%5 682
LOTUS BAKERIES NV-7.12%5 263
PT MAYORA INDAH TBK-2.80%3 545
TOLY BREAD CO.,LTD.4.55%3 160