Cake sales grow at Finsbury

24 September, 2012

Finsbury Food Group achieved a group revenue increase of 9.4%, in its full-year financials, as its cake division continued to grow.

Revenue stood at £207.4m for the 52 weeks to 30 June 2012, up from £189.6m in 2011. Sales were up 9.2% in its cake division, to £152.4m, driven by both the UK and export markets.

Its bread and free-from arm saw sales up 10% to £54.9m, due to strong growth in the fresh gluten-free market, its Vogel’s brand, and the performance of fresh free-from in the speciality bread market.

Among its operational highlights, was the launch of Heston’s Hot Cross Buns with Waitrose, which was supported by an Easter TV campaign, said the firm. It also noted the continued expansion of its 50%-owned subsidiary Lightbody Europe.

John Duffy, chief executive, said he was pleased to be able to report “such a noteworthy set of results”.

“The formula we have pursued has and will continue to remain steadfast, to maintain the pattern of growth in profitability, underpinned by a commitment to meeting the needs of our customers and consumers,” he added.

 





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