Aga in growth
24 March, 2006
Aga Foodservice Group said it saw strong sales and profits in 2005. Revenue rose 15.7% to £501.8m while pre-tax profits were up 18.5% to £43m.
Chief executive William McGrath said earnings growth reflected a successful strategy over the past five years based on premium cookers and refrigeration. This has resulted in new products, strong routes to markets and major commercial customers raising their investment levels.Aga Bakery has continued to increase market share in France and the UK, and is also building a presence in Eastern Europe and the US. Expanded product breadth, such as steamers and fryers, have boosted sales.