Finsbury Food Group (FIF)

Sector:

Food

Index:

FTSE AIM All-Share

77.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 104.00
  • 52 Week Low: 51.20
  • Currency: UK Pounds
  • Shares Issued: 130.38m
  • Volume: 120,862
  • Market Cap: £100.40m
  • RiskGrade: 173

Finsbury Food profit rises amid solid UK bakery performance

By Michele Maatouk

Date: Monday 24 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Finsbury Food posted a rise in interim profit on Monday thanks to a solid performance from its UK bakery segment and new business wins as it said full-year earnings are set to be in line with market expectations.
In the 26 weeks to 28 December, pre-tax profit increased 17.9% to ?8.8m on revenue of ?159.4m, up 4.7% on the same period a year ago.

Basic earnings per share rose 14% to 4.9p and the company lifted its interim dividend by 6% to 1.23p a share.

Operating profit in the core UK bakery division was up 4.2% at ?7.7m and revenue was 5.8% higher at ?141.2m. This helped to offset a 6.7% decline in overseas operating profit to ?1.2m and a 3.5% drop in overseas revenue to ?18.2m.

Chief executive John Duffy said: "The first half was both a period of growth and of successful delivery against our strategic priorities. Revenue and profit were up, largely driven by organic performance in UK bakery as well as new business wins and the first full six-month contribution from our Free From business.

"Moving into the second half, while the macroeconomic pressures affecting the industry look set to continue, our long-term, consistent and disciplined approach to investment and unwavering focus on driving increased productivity and efficiency across the group means Finsbury is now a much more resilient business and better equipped to weather difficult trading conditions."

At 1015 GMT, the shares were up 2.1% at 102.60p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FIF Market Data

Currency UK Pounds
Share Price 77.00p
Change Today 1.50p
% Change 1.99 %
52 Week High 104.00
52 Week Low 51.20
Volume 120,862
Shares Issued 130.38m
Market Cap £100.40m
RiskGrade 173

FIF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.73% above the market average90.73% above the market average90.73% above the market average90.73% above the market average90.73% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Price Trend
1.84% below the market average1.84% below the market average1.84% below the market average1.84% below the market average1.84% below the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Income
35.06% above the market average35.06% above the market average35.06% above the market average35.06% above the market average35.06% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Growth
59.9% below the market average59.9% below the market average59.9% below the market average59.9% below the market average59.9% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FIF Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 21-Nov-19
Paid n/a 23-Dec-19
Amount 0.000p 2.34p

Trades for 30-Nov-2020

Time Volume / Share Price
16:25 10,000 @ 76.00p
14:58 500 @ 76.40p
14:48 510 @ 77.50p
14:08 870 @ 77.50p
13:54 103 @ 77.50p

FIF Key Personnel

CEO John Duffy

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