Real Good Food (RGD)

Sector:

Food

Index:

FTSE AIM All-Share

 2.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.25p
  • 52 Week Low: 1.55p
  • Currency: UK Pounds
  • Shares Issued: 99.56m
  • Volume: 0
  • Market Cap: £2.79m
  • RiskGrade: 215

Real Good Food sees revenue pick-up across markets

By Josh White

Date: Wednesday 20 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Real Good Food said in a trading update on Wednesday that it had seen a pick-up in revenues across each of its markets in the year-to-date.
The AIM-traded firm said that for the first six months ended 30 September, revenues were 30.8% ahead of the same period last year, and 0.7% above the same period before the pandemic in 2019.

Sales to UK retailers were performing "particularly well", with growth of 12.9% over last year and 3.7% on 2019.

Unaudited EBITDA for the first half was £0.5m, swinging from EBITDA losses of £1.4m last year and £0.2m in 2019, respectively.

The board said that reflected the company's actions to increase margins within each business unit, although margins were being affected by surcharges on freight and transport, which were currently expected to represent a drag of around £0.3m on the year's profitability.

Real Good Food said the biggest impact of the logistics challenges, coupled with ongoing staff absence rates from Covid-19, was on order fulfilment and on-time delivery, which was an issue shared across the industry and supply chain.

New product innovation was described by the directors as a "key driver" of performance and increasing profitability.

Revenue for the six months ended 30 September included 39 new products, with sales of £0.5m, or £1.4m on an annualised basis.

"We have made a good start to the year, and the group is well positioned for the seasonally busier second half of the year," said executive chairman Mike Holt.

"It is pleasing to see the turnaround activities within JF Renshaw gaining traction, particularly in new product innovation.

"Renshaw has regained its reputation as the product innovator and first choice supplier of quality products, both branded and private label."

At 1217 BST, shares in Real Good Food were down 6.51% at 2.01p.

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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.

 

Real Good Food Market Data

Currency UK Pounds
Share Price 2.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.25p
52 Week Low 1.55p
Volume 0
Shares Issued 99.56m
Market Cap £2.79m
RiskGrade 215

Real Good Food Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average
Price Trend
79.66% below the market average79.66% below the market average79.66% below the market average79.66% below the market average79.66% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
38.02% below the market average38.02% below the market average38.02% below the market average38.02% below the market average38.02% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average

Real Good Food Dividends

  Latest Previous
  Interim Interim
Ex-Div 29-Dec-16 n/a
Paid 25-Jan-17 n/a
Amount 0.040p 0.000p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

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