Premier Foods PLC (LSE:PFD)
£ 1.704 0.028 (1.67%) Market Cap: 1.48 Bil Enterprise Value: 1.72 Bil PE Ratio: 12.99 PB Ratio: 1.10 GF Score: 77/100
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Preliminary Q4 2023 Premier Foods PLC Earnings Call Transcript

May 18, 2023 / 08:00AM GMT
Release Date Price: £1.33 (+2.47%)
Alexander Whitehouse
Premier Foods plc - CEO & Director

Excellent. Good morning, everybody, and welcome to Premier Foods Full year results. That's for the year that ended on the first of April this year. I'm here with Duncan Leggett, our CFO; and Duncan, obviously, will take us through the numbers. But before that, I'll give us a quick overview of where we finish the year, and then I'll come back and give a bit of a strategy update afterwards.

So I'm pleased to say that the business had another really strong year. We crossed GBP 1 billion worth of sales. That's for the first time for the business in its current format, of course, with sales up 11.8%. I mean our grocery brands continued to increase their market share. So we're up 64 basis points in the year, and that actually strengthened as we went through the year. And in fact, we're up over 90 basis points in quarter 4.

Trading profit of GBP 158 million was up 11.5%, and that's 15.7% trading profit margin was bang in line with last year. So therefore, we recovered all the input cost inflation through combinations of efficiencies,

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