BOPARAN- 3Q17/18 EBITDA continues contraction
Boparan, the largest poultry producer in the UK, has published, as expected, another set of very weak results, for its 3Q17/18 (quarter ended 28 April 2018). In EBITDA terms the quarters seem to repeat themselves for the group.
Despite a 1.8% increase in sales yoy to £837m in Q3, with LFL growth of 1.3%, continued commodity cost inflation again hurt margins in the branded (13% of sales; 36% of EBITDA) and protein (70% of sales; 36% of EBITDA) divisions.
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