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Bakkavor Group (BAKK)

Share Price:
Down 137.60p
Change Today:
Market Cap:

Bakkavor holds FY guidance in face of \'subdued\' consumer confidence

23 May 19

LONDON (ShareCast) - (Sharecast News) - Fresh food maker Bakkavor on Thursday maintained full year guidance despite continued subdued consumer confidence and inflationary pressures.

Though the acquisition of Blueberry Foods had strengthened its position, the food manufacturer said it was looking to increase operating efficiencies and optimise capacity after closing its loss-making Freshcook business.

\"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,\" the company said.

\"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.\"

Bakkavor\'s shares were up 2.46% at 124.80p at 0805 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 137.60p
Change Today -1.40p
52 Week High 170.00p
52 Week Low 93.30p
Volume 1,778
Shares Issued 579.43m
Market Cap 797.29m


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