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This morning we released our Half year results for the 26 weeks end...

Headlines:

Compared to 2 years ago  

  • Q2 Group revenue up +8.5%, Q2 branded revenue ahead +13.3%  
  • H1 Branded revenue up +11.4% reflecting strength of Group’s branded growth model  
  • Trading profit +13.1% ahead
  • Adjusted profit before tax £46.4m, up +46.3% due to trading performance and significant interest cost savings  
  • Statutory profit before tax £30.7m, up +104.7%  
  • Net debt substantially lower than FY19/20 H1 at £345.0m  

Compared to 1 year ago  
  • Q2 Group revenue up +0.4%, Q2 branded revenue ahead +2.1%  
  • H1 Branded revenue (6.1%) lower than prior year due to lapping effect of exceptional pandemic related volumes  
  • Statutory profit before tax down (39.2%); Hovis disposal gain in prior year  
  • Net debt £58.1m lower than FY20/21 H1  
  • Combined pensions surplus of £607.7m, £67.8m higher than six months earlier 


16/11/2021

Premier Foods launches new “Enriching Life Plan” with goal of tripl...

Premier Foods, one of the UK’s largest food manufacturers and home to some of the nation’s best loved brands including Bisto, Oxo and Sharwood's, has today set out its strategy to support healthier, more sustainable lifestyles and contribute to a healthier planet and society. 

29/10/2021

Premier Foods removes 40 tonnes of packaging from iconic Bisto drum

The UK’s No1 gravy will offer more servings in less packaging

10/09/2021

Premier Foods' new flexi-working policy serves best of both

New hybrid model will empower office-based colleagues to choose where works best 

25/08/2021

Premier Foods strengthens its sustainability team with new ESG hire

Nick Brown has been appointed Director of ESG in a newly created role


 

16/08/2021

We've released our Quarter 1 trading update for the thirteen weeks ...

The Headlines: 
 

  • Q1 Group sales up 6.3% versus two years ago - at top end of Group’s expectations, Branded sales up 9.3%
  • As expected, sales versus prior year lapping exceptional circumstances of first lockdown
  • Grocery excluding out of home channels up 13% compared to two years ago
  • Strong International performance, building on successful prior year, up 17% on two year basis
  • Sales from strategy of expanding into new categories already delivered over £6m in last 12 months
  • Full year adjusted profit before tax now expected to be at top end of Group expectations


23/07/2021

We've released our Preliminary results for the 53 weeks ending 3 Ap...

Headlines:

  • Branded revenue up +13.6% in full year and ahead +7.0% in Q4
  • Trading profit increased +11.9% to £148.3m after increased marketing investment and incremental Covid costs
  • Net debt/EBITDA, (pre-IFRS 16) reduced to 1.9x, the Group’s lowest ever leverage
  • Repaid £190m Floating rate notes in FY20/21 reducing interest costs by c.£10m p.a.; plus ratings agency upgrades
  • Combined pensions surplus of £539.9m
  • New RCF facility to 2024 and launching offer of new £300m 5 year Senior Secured Fixed Rate Notes
  • Proposed final dividend of 1.0 pence per share; reinstated for first time in thirteen years


19/05/2021

Premier Foods promotes Hannah Collyer to newly created Corporate Af...

Premier Foods has today announced the promotion of Hannah Collyer to Director of Corporate Affairs and ESG. This is a newly created role, sitting on Premier Foods’s Executive Leadership Team, and reporting to Chief Executive Officer, Alex Whitehouse.

05/05/2021

Sharwood's launches first TV advert in five years

Sharwood’s is heading back to UK TV screens for the first time in over five years. As part of a £1m campaign, the brand will showcase that through Sharwood’s Indian range, consumers can be transported on a taste adventure inspired by modern day India’s culture, traditions, flavours and colours. 

08/03/2021

What’s cooking: 91% of Brits intend to cook as much, or more, over ...

  • People are experimenting more in the kitchen: on average, one third of households have added a dish to their weekly ‘go-to’ evening meals over the last year
  • While the classics have continued to be popular, lighter options such as fish and potatoes, and meat-free dishes such as vegetarian curry, have seen fast growth
  • Health remains a key priority:  81% of people want to eat more healthily over the year ahead


26/02/2021