Download full report with analyst certification and important disclosures
Nov 21 2023, 08:55 GMT
Cranswick has delivered a strong H1 performance, with revenue growth supported by positive volumes across all ‘core’ food divisions. Robust profit delivery was underpinned by margin expansion to 6.8% (Visible Alpha (VA) consensus: c.6.4%), as tighter cost controls, greater mix benefits and positive operating leverage accrued. The full-year outlook is now expected to be at the upper-end of current market consensus. At first look, we envisage a positive low-single-digit percentage upside to our current operating profit forecasts.