Report

Boparan - 1Q16/17 Results

​Boparan is a UK-based food manufacturer specialized in poultry. The group has published satisfactory results in 1Q16/17 (ended October 29, 2016), with LFL sales up by 2.4% yoy in Q1 (reported revenues +5.1% to £818m thanks to FX) on the back of continued volume growth. EBITDA margin was stable at 5.2%, but it masked mixed performances across businesses. The Chilled (19% of total sales and 25% of EBITDA) and Branded (13% of total sales and 39% of EBITDA) divisions continued to show solid growth, both in...

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Spread Research
Spread Research

​Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

 

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