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Results for the Half Year ended 30.6.09
CONTINUED PROGRESS TOWARDS PROFITABLE UK-FOCUSSED BUSINESS Uniq, the European chilled convenience food group, today announces results for the six months to 30 June 2009.
Highlights include:
· Improved performance and significant business wins in UK
· Agreed €73m sale of the French business
· Northern Europe trading ahead of expectations and process to realise value on track
Commenting on the first half performance and on the outlook for the Group, Geoff Eaton, Chief Executive of Uniq plc, said:
“We set ourselves a challenging agenda for 2009 and I am very pleased with our progress. I believe we are on track to complete the transformation of the Group to a UK focussed business by the end of the year and remain confident that we can deliver results in line with our expectations.”
Financial Highlights
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30.06.09 |
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30.06.08 |
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6 months |
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6 months1 |
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£m |
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£m |
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Revenue of continuing operations |
141.1 |
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143.4 |
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Before significant items |
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Operating loss of continuing operations |
(3.7) |
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(4.5) |
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Loss before tax of continuing operations |
(12.8) |
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(2.6) |
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Profit/(loss) before tax of discontinued operations |
0.2 |
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(1.9) |
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Adjusted loss per share2 |
(10.4)p |
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(2.8)p |
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Significant items before tax |
(1.7) |
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5.0 |
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- continuing |
0.3 |
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5.6 |
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- discontinued |
(2.0) |
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(0.6) |
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After significant items |
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(Loss)/profit before tax |
(12.5) |
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3.0 |
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(Loss)/profit after discontinued operations and tax |
(14.3) |
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1.4 |
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Basic (loss)/earnings per share |
(12.6)p |
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1.2p |
1 Restated for discontinued operations
2 Adjusted earnings per share exclude significant items and exchange gains and losses arising on non-permanent inter-company loans
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For further information: |
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Uniq plc |
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+44 (0)1753 276011 |
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Geoff Eaton |
Chief Executive |
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Martin Beer |
Finance Director |
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The Hogarth Partnership |
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+44 (0)20 7357 9477 |
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Julian Walker |
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