Trading Statement July 2007
Continuing positive business momentum
Uniq plc, the European convenience food group,
makes the following statement on current trading ahead of the
announcement of its interim results for the 6 months to 30 June 2007 on
12 September 2007:
The underlying trend in sales over the first six
months of 2007 has continued the positive momentum established last
year. Overall group sales for continuing businesses were up circa 4%*
on the same period last year.
UK sales were up over 5%, reflecting operational
changes and the strong performance of our major customer relationships.
Minsterley remains on track to achieve breakeven run-rate during the
year, however, there are raw material price pressures across the
business.
Northern European sales were up 2%*. This is an
improvement on the declining rate of sales in 2006 as a whole despite
the poor weather in May and June. Management actions continue to have a
positive impact.
Sales in France grew by circa 4%*. The first
quarter saw a reversal of the declining trend in sales and the second
quarter saw a stronger year-on-year growth with sales circa 6%* ahead
of last year.
The first half of the year has been in line with
our expectations and we are encouraged by the improving sales trend
overall. We remain confident of achieving the expected margin
improvement in the second half.
*Figures quoted are at constant currency
Enquiries:
The Hogarth Partnership
Julian Walker +44 (0)20 7357 9477