In the three months to 30 June 2018, revenue was up 3.2% year-on-year.
The business also benefitted from a slight increase in UK pig prices during the quarter.
The period was an investment-heavy one for Cranswick, with the commissioning of its new, purpose-built continental products factory in Bury, Greater Manchester. The facility, which consolidates production from the Group’s two original continental products sites, is expected to provide substantial additional capacity.
Elsewhere, work has started on a new poultry primary processing facility at Eye in Suffolk. The facility, scheduled for completion in late 2019, will double existing capacity with further room for expansion. According to Cranswick, the facility will incorporate the highest animal welfare standards and latest generation production techniques and equipment to drive operational efficiency gains.
In its outlook for the next financial period, the board expressed confidence in the “long-term success and development of the business”, citing the experienced management, a strong range of products, a well-invested asset base and a robust financial position.
For more on Cranswick, read Food Manufacture’s interview with chief executive Adam Couch here.