Finsbury Food Group has reported a 9.4% rise in total sales to £207m.
In a pre-close statement providing an update on trading for the full financial year, ending 30 June 2012, the Cardiff-based bakery manufacturer said its larger cake division saw a 9.2% increase on last year to £152m.
Sales in Finsbury’s bread and free-from division were up 10% to £55m, which the company attributes to a strong growth in the fresh gluten-free market and its Vogel’s bread brand.
John Duffy, chief executive of Finsbury, said: “The group has come a long way to achieve annual sales of over £200m for the first time, despite very challenging market conditions. This is testament to the hard work and resilience of the management teams and the quality and breadth of products they produce.
“With no let-up in market conditions anticipated, we continue to invest in growth areas and improved efficiency to maintain this success.”
Finsbury produces a range of celebration cakes and low-fat cake slices, in addition to artisan, organic and gluten-free bread and morning goods.