Premier Foods PLC (OTCPK:PRRFY)
$ 11.035 0 (0%) Market Cap: 1.92 Bil Enterprise Value: 2.22 Bil PE Ratio: 13.27 PB Ratio: 1.12 GF Score: 82/100
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Half Year 2020 Premier Foods PLC Earnings Call Transcript

Nov 12, 2019 / 09:00AM GMT
Release Date Price: $2.17 (+6.37%)
Alexander Whitehouse
Premier Foods plc - CEO & Director

All right. Good morning. So welcome to Premier Foods' first half results. I think I know most of you. But for those that don't know me, my name is Alex Whitehouse. I was previously the Managing Director of our U.K. business but more recently, of course, CEO.

I'd like to introduce everybody to Duncan Leggett. Duncan was previously our Group Financial Controller and is now doing a sterling job as acting CFO. So he'll be talking to you in a few minutes. I'm going to dive in, first of all, with the numbers and also a little bit on strategy. And then I will hand over to Duncan, who'll run through the financial schedules.

Okay. So we've had a good start to the year, a good first half, revenue growth of 2.4% for the half, 3.6% in the quarter. And the really pleasing thing is this has been driven by some really healthy branded growth, so 4.3% branded growth in the half and 5.6% in the quarter. Trading profit was actually slightly ahead of our expectations, particularly given that we invested more behind the brands in advertising than

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