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Premier Foods, one of the UK’s leading food businesses and home to some of the nation’s best loved brands, has launched two new modern working policies designed to support its office-based and manufacturing colleagues going through life-changing events.

Headlines:
 

• Trading profit, Adjusted PBT and earnings per share ahead of previously raised expectations, dividend up +20%
• Strong branded growth driving volume and value market share gains in both Grocery and Sweet Treats
• Successfully navigating macro and industry wide supply chain challenges and continued inflationary environment
• Trading profit margin increased 60 basis points to 16.5%, leveraging operational efficiencies
• International revenue up +25% vs two years ago; strong growth on Sharwood’s and Mr Kipling
• Interest costs halved in last two years, reflecting strength of strategic progress and debt refinancing
• Pensions merger now delivering through c.£60m reduction in NPV of cash contributions
• New ESG strategy, the ‘Enriching Life Plan’, announced with a series of major sustainability commitments
• Expectations for further good progress in FY22/23 unchanged

Premier Foods, one of the UK’s largest food manufacturers and home to some of the nation’s best loved brands, has launched Mr Kipling Deliciously Good - a new, better-for-you range of Mr Kipling cakes and pies, delivering both a healthier and great tasting product.

25/04/2022

Company behind Mr Kipling cakes and Ambrosia custard earns top tier status in animal welfare assessment
 

16/03/2022

We are deeply shocked and saddened by what is happening in Ukraine. Our thoughts are with all those who are impacted by this ongoing conflict.  

14/03/2022

Headlines:
 

• Q3 trading ahead of expectations, Group sales up 7.0% vs 2yrs ago and up 7.3% YTD
• Q3 Branded sales ahead 11.3% vs 2yrs ago
• Significantly outperforming the market; gaining 90 basis points of value share in Q3
• Mr Kipling’s biggest ever Christmas
• International sales increased +33% compared to 2yrs ago
• Upgrading FY21/22 profit expectations; Trading profit at least £145m this year

Headlines:

Compared to 2 years ago  

• Q2 Group revenue up +8.5%, Q2 branded revenue ahead +13.3%  
• H1 Branded revenue up +11.4% reflecting strength of Group’s branded growth model  
• Trading profit +13.1% ahead
• Adjusted profit before tax £46.4m, up +46.3% due to trading performance and significant interest cost savings  
• Statutory profit before tax £30.7m, up +104.7%  
• Net debt substantially lower than FY19/20 H1 at £345.0m  

• Q2 Group revenue up +0.4%, Q2 branded revenue ahead +2.1%  
• H1 Branded revenue (6.1%) lower than prior year due to lapping effect of exceptional pandemic related volumes  
• Statutory profit before tax down (39.2%); Hovis disposal gain in prior year  
• Net debt £58.1m lower than FY20/21 H1  
• Combined pensions surplus of £607.7m, £67.8m higher than six months earlier 

Premier Foods, one of the UK’s largest food manufacturers and home to some of the nation’s best loved brands including Bisto, Oxo and Sharwood's, has today set out its strategy to support healthier, more sustainable lifestyles and contribute to a healthier planet and society. 

29/10/2021

The UK’s No1 gravy will offer more servings in less packaging

10/09/2021

New hybrid model will empower office-based colleagues to choose where works best 

25/08/2021