AGM Statement and Trading Update

RNS Number : 8759Z
Real Good Food PLC
23 September 2015
 

Strictly embargoed until: 07.00 on 23rd September 2015

 

Real Good Food plc

("the Group" or "Real Good Food")

AGM Statement and Trading Update

Real Good Food plc (AIM:RGD) will today hold its Annual General Meeting at 11.30 a.m. at Haberdashers' Hall, 18 West Smithfield, London EC1A 9HQ.

At the meeting Pieter Totté, Executive Chairman, will make the following statement:

"Overall we are very satisfied with the way that trading has started during the early part of our new financial year.  Pleasingly, our cake decorating businesses continue to perform well, showing good EBITDA growth with our most recent acquisition, Rainbow Dust, making a healthy contribution.

"Total Group revenue is currently down on a like-for-like annual basis, but this is entirely attributable to continued commodity price deflation, particularly in both the dairy and sugar markets, which affected our Garretts Ingredients subsidiary.

"Despite this, the three pillar business strategy we announced at the time of our year end results is working well and overall trading for the Group is currently in line with market expectations.

"We look forward to the key autumn and Christmas season with confidence."

*-ends-*

 

About Real Good Food plc

Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale, foodservice and export. The Company focuses on three main markets: cake decoration (Renshaw, Rainbow Dust Colours), food ingredients (Garrett Ingredients and R&W Scott) and premium bakery (Haydens).

 

ENQUIRIES:

Real Good Food plc

 

Pieter Totté, Executive Chairman

Tel: 020 3056 1516

David Newman, Finance Director

Tel: 020 3056 1516

Andrew Brown, Marketing Director

Tel: 020 3056 1517

 

 

Shore Capital & Corporate (Nomad and Joint Broker)

 

Stephane Auton

Tel: 020 7408 4090

Patrick Castle

 

 

 

Daniel Stewart and Company Plc (Joint Broker)

 

Martin Lampshire

Tel: 020 7776 6550

 

 

Belvedere Communications (PR)

 

John West

Tel: 020 3567 0510

Kim van Beeck

 

 


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