Northern Foods has said that revenue from its bakery division declined by 2.6% in the fourth quarter and 4.6% in the year to date.
The trading update, for the 13 weeks ending 31 March 2007, revealed that its market share of the biscuits business continues to be ’relatively stable’.
Northern Foods’ bakery division comprises biscuits and puddings, while pizzas and frozen products are part of its frozen division. Sandwiches and salads are part of its chilled division. It also makes ready meals. Underlying revenue in the frozen division grew by 2.4% in the fourth quarter and by 2.6% in the year to date.
Full year results, for the 52 weeks ending 31 March 2007, will be announced on 30 May.