REG - Cranswick PLC - Notice of Capital Markets Day &Site Visit

CranswickAnnouncement

24/03/2022 07:01

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RNS Number : 7956F  Cranswick PLC  24 March 2022

24 March 2022

 

Cranswick plc

("Cranswick" or "the Company" or "the Group")

 

Site visit

 

Cranswick plc, a leading UK food producer, is today holding a site
visit for analysts and institutional investors at the Company's fresh poultry
site in Eye, Suffolk.

 

Poultry represented 19% of group revenue for the six months ended 25 September
2021, up 35.5%, with strong growth in both Fresh and Cooked Poultry.  Average
volumes at the Eye facility are currently running at approximately 1.4m birds
per week, up from 1.1m a year earlier.  Over the last eight years, the group
has invested over £220m in its Poultry operations and developed a unique,
fully vertically integrated supply chain. Further growth opportunities exist.

 

No material new information will be disclosed in today's presentations.

 

A copy of the presentations made to attendees will subsequently be made
available on Cranswick's website: https://cranswick.plc.uk/
(https://cranswick.plc.uk/) .

 

Enquiries:

 

 Cranswick plc
 Mark Bottomley, Chief Financial Officer  01482 275 000

 Powerscourt
 Nick Dibden / Chloe Retief               020 7250 1446
                                          cranswick@powerscourt-group.com

Notes:

 

1.   Cranswick is a leading and innovative supplier of premium, fresh and
added value food products. The business employs over 13,000 people.
Cranswick was formed in the early 1970s by farmers in East Yorkshire to
produce animal feed and has since evolved into a business which produces a
range of high quality, predominantly fresh food, including fresh pork,
poultry, convenience and gourmet products. The business develops innovative,
great tasting food products to the highest standards of food safety and
traceability.  The Group supplies the major grocery multiples as well as the
growing premium and discounter retail channels.  Cranswick also has a strong
presence in the 'food-to-go' sector and a substantial export business.
Results for the 52 weeks to 27 March 2021 showed revenue of £1,898m and
profit before tax of £114.8m. For more information go
to: www.cranswick.plc.uk (http://www.cranswick.plc.uk/)

2.   Cranswick is committed to ensuring that its business activities are
sustainable from farm-to-fork. Its ambitious sustainability strategy 'Second
Nature' has been developed to deliver the Group's vision to become the world's
most sustainable meat business.  Cranswick has committed to be a Net Zero
business across its operations by 2040.  Find out more
at: www.thisissecondnature.co.uk (http://www.thisissecondnature.co.uk/)

 

 

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