First-half sales at Hayden's Bakeries up 20%

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Related tags: Baking

First-half sales at Hayden's Bakeries up 20%
Sales at Hayden’s Bakeries were up 20% in the six months to June 30.

The firm, which recently signed the lease on a new distribution facility that will free up a significant amount of production capacity at its Devizes bakery, makes bakery products and desserts for customers including Marks & Spencer, Waitrose and Costa Coffee.

The expansion will create 150 new jobs over the next two-to-three years, said Pieter Totté​ (pictured), executive chairman of Hayden's parent company The Real Food Food Company (RGFC).

RGFC's bakery ingredients division Renshaw also posted growth in volumes and profitability “well above management expectations” ​with sales up 14% over the period, driven by strong export sales and the growing popularity of home baking and sugar craft in the UK, said Totte.

Sugar: tightening supplies

While lower prices had impacted turnover at RGFC's sugar division Napier Brown, tightening supplies were expected to lead to a recovery in pricing levels at the start of the new contract season in October, said Totté.

“We are poised to benefit from a long-awaited turn-around in the sugar market, following the EU-led cuts in supply levels.

"We look forward to the seasonally-stronger second half with considerable confidence."

RGFC will announce its first-half results in mid-September.

Related topics: Bakery, Confectionery

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