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Nov 26 2024, 09:06 GMT
Cranswick plc
Strong H1-25 delivery
- Sectors : Foods
- Companies : Cranswick plc
DAVY VIEW
Cranswick has delivered a strong performance in H1-25, with volume growth across its core UK food business up 7%. Adjusted operating profit of c.£100m (VA consensus: £97m) was driven by strong margin expansion to c.7.5%, which reflects the continued benefits of vertical integration in pig farming, disciplined cost control and strong operating leverage. The full year outlook remains in line with expectations. At first look, we envisage modest upside to our current forecasts.
