Bakkavör says broad range beat poor weather and horsemeat

16-May-2013 - Last updated on 17-May-2013 at 10:26 GMT

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Bakkavör’s broad portfolio helped it to offset the effects of bad weather and the horsemeat crisis, its boss claimed

Chilled convenience food manufacturer Bakkavör claimed its wide product portfolio had allowed it to offset the effects of poor weather and the horsemeat crisis, after releasing first quarter results for the 13 weeks ended 30 March.

Bakkavör boss Agust Gudmundsson said: “The group delivered encouraging sales growth in the quarter with our balanced and broad product portfolio enabling us to manage the well-publicised challenges faced by the whole industry from both food contamination and poor weather in the UK.

Chilled convenience market

“Although the economic climate remains tough we are confident of our strategy and we remain well positioned in the chilled convenience market.”

Like-for-like sales were up by 3% for the quarter compared with the same period of last year.

Revenue was up by 1% at £392.7M.

The manufacturer’s UK business generated revenue of £342.7M in the quarter, up by 1.8% on the previous year.