# Bakkavor Group a solid performance, FY results in line

- Link: https://www.directorstalkinterviews.com/bakkavor-group-a-solid-performance-fy-results-in-line/412802995
- Published: 2020-01-16T08:09:12+00:00
- Author: Giles Arbor

**Bakkavor Group plc** (LON: BAKK), the leading provider of fresh prepared food,
announced today the following update for the 52 weeks ended 28 December 2019, ahead
of its full-year results announcement on 27 February 2020.

Group revenue on a reported basis increased by 1.5% and on a like-for-like* basis
increased by 1.7% compared to the equivalent period in 2018, with encouraging progress
made across the Group.

Whilst consumer confidence remains weak in the UK and continued to impact underlying
volume growth, revenue on a like-for-like* basis increased by 0.2% in the UK, primarily
as a result of a gain in H2 in our meals business. The International business delivered
further volume growth resulting in a 12.8% increase in like-for-like* revenue as
we broaden our customer base in both regions.

In the current economic environment, the Bakkavor Group plc Board considers this
to be a solid performance and expects full-year results to be in line with expectations.

*Like-for-like revenue excludes associates, the impact of acquisitions, disposals,
closures and foreign exchange translation

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