Aga bakery division does well

19 January, 2007
Page 12 
Equipment supplier Aga Foodservice said its bakery operation continued to perform well, in a trading update this week.
The division, which includes Mono Equipment and Williams Refrigeration, was boosted by acquisitions including Eloma in Germany. And new central European markets contributed well, said chief executive William McGrath.Mono general manager Andrew Jones told British Baker that Mono saw good sales in the UK in 2006 and plans to launch energy efficient convection ovens in 2007.Aga's operating profit is expected to be no less than £46.5m, up from £41.7m in 2005, before a £2.8m loss at Aga's US home furnishings business, Domain, and a £1m exceptional cost. Aga will post its preliminary results for the year of 2006 on 16 March.



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