Fresh food producer Geest has confirmed its warning from June that full-year operating profit would be at the same level as last year.
Geest said operational issues following the opening of two new units at its Barton businesses on Humberside, plus rising insurance costs would ”impinge on second half profitability”.
For the 10 months to October 31 sales were 16% ahead of last year, with sales of fresh prepared foods in the UK up by 8%.
Sales growth in prepared salads improved from 6% in the first half to more than 10% in the four months to October, but has yet to reach the levels seen in the spring, the company said.
Geest concluded that continued growth in demand for fresh prepared foods and expansion by large retailers into town centre convenience stores - where more space is allocated to the category - represents a good opportunity for the company.
Geest said operational issues following the opening of two new units at its Barton businesses on Humberside, plus rising insurance costs would ”impinge on second half profitability”.
For the 10 months to October 31 sales were 16% ahead of last year, with sales of fresh prepared foods in the UK up by 8%.
Sales growth in prepared salads improved from 6% in the first half to more than 10% in the four months to October, but has yet to reach the levels seen in the spring, the company said.
Geest concluded that continued growth in demand for fresh prepared foods and expansion by large retailers into town centre convenience stores - where more space is allocated to the category - represents a good opportunity for the company.
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