# Bakkavor Group plc Guidance for the full year remains unchanged

- Link: https://www.directorstalkinterviews.com/bakkavor-group-plc-guidance-for-the-full-year-remains-unchanged/412783386
- Published: 2019-05-23T09:36:00+01:00
- Author: Charlotte Edwards

**Bakkavor Group plc** (LON:BAKK), the leading provider of fresh prepared food, 
will provide the following update on trading for the period from 30 December 2018
to date at its Annual General Meeting today.

As we outlined at the 2018 full year results presentation, subdued consumer confidence
and inflationary pressures continued into 2019. Trading since the year end has been
in line with management expectations and our guidance for the full year remains 
unchanged, with Group performance broadly in line with 2018.

We continue to invest for the long-term and have further strengthened our position
in the important desserts category through the recently announced acquisition of
Blueberry Foods. In addition, as we maintain our focus on protecting margins, at
the end of April we completed the closure of Freshcook, a loss-making site in the
UK. Elsewhere across the Group, we continue to seek further opportunities to increase
operating efficiencies and optimise capacity.

Demand is strong in our International markets; we are excited by the opportunities
and continue to structure our businesses in the US and China for long-term growth.

Despite current UK market challenges, we remain confident that our strategy, combined
with our scale and expertise, leaves us well placed to capitalise on future growth
opportunities.

Share on: