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Lees Foods Plc (LEE)

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Wednesday 06 January, 2010

Lees Foods Plc

Trading Update

RNS Number : 0830F
Lees Foods Plc
06 January 2010
 



6 January 2010


Lees Foods plc ("Lees" or the "Company")


Trading Update


Record sales at Lees of Scotland and Waverley Bakery


Lees Foods Plc, owners of Lees of Scotland and The Waverley Bakery has announced today  6 January  2010 an update to its 2009 trading performance.


Group sales from continuing operations closed at £18.2m for the year to December 2009 which compares to £16.1m in 2008, an increase of 13%. In addition 2009 sales are around 5% ahead of current market forecastsThis was due to exceptionally strong sales in the lead up to Christmas and was also helped by an unexpected increase in the number of customers ordering stock at the year end for January promotions. Continuing pre tax profits for 2009 are expected to be well ahead of market expectations.   


Clive MiquelChief Executive, commented:


"We are pleased to report a strong second half performance in 2009 that has led to excellent sales both at Lees of Scotland and The Waverley Bakery. In the current economic climate our strategy has been to focus on our core operations, and this combined with the development of new products allowing us to sell into new product categories, has resulted in a record year for sales at Lees".   


-ends-



Enquiries


Lees Foods Plc

01236 441600

Clive Miquel - Chief Executive

David Simson - Finance Director




Shore Capital and Corporate - Nomad and Broker

0207 408 4090

Guy Peters




3x1 Public Relations

0141 221 0707 / 07771 960326

Cameron Grant




This information is provided by RNS
The company news service from the London Stock Exchange
 
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