Cranswick - Strong growth continues in H1
Cranswick posted another strong set of results (adjusted H1 pre-tax profit up 17%), demonstrating that the company’s innovation is keeping the products relevant and desirable to both consumers and retailers. As part of a material capex programme, management is embarking upon a significant expansion of its poultry business: a new state-of-the-art facility in Suffolk will double its existing capacity. Poultry currently represents just 11% of sales but continues to be an attractive target market for the company, given its growth.Cranswick is a supplier of food products. Co. engaged in the manufacturing and supplying of food products to U.K. grocery retailers, the food service sector and other U.K. and global food producers. Co. produces a range of products including fresh pork, convenience, gourmet products and poultry. Co.'s products include: Fresh & Added Value Pork; Traditional Air-Dried Bacon & Gammon; Sausages & Burgers; Handmade Pastry; Cooked Meats; Continental Products; Fresh Chicken; and Premium Cooked Poultry. As of Mar 31 2017, Co. had 15 manufacturing locations in the U.K.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.