UK bakery arm performs well for Canada Bread

01 August, 2013

Maple Leaf Bakery UK saw increased volumes over the past quarter, which helped lift revenue in parent company Canada Breadís frozen bakery arm.

Canada Bread, which is 90% owned by Canadian firm Maple Leaf Foods, said that after adjusting for discontinued bread categories in the UK, and currency translation on sales in the US and the UK, sales increased by 4.1%.

The firm said the performance in the UK business improved primarily due to higher volumes sold of both bagels and croissants.

Total sales in its frozen bakery business, increased from CAD$125.7million in 2012 (£80.52m) to CAD$126.5m (£81.03m) for the second quarter to 30 June 2013.

Year-to-date sales increased 1.9% to CAD$252.5m (£161.74m), compared to CAD$247.8m (£158.73m) last year.

In June this year, British Baker reported that Maple Leaf Bakery UK was investing £11.5m in a new production line at its bagel plant in Rotherham as it streamlines the business further. The news followed a boost to bagel sales of 30% in the first quarter, to 31 March 2013.





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