Express & Star

2 Sisters turnaround delivers third quarter of growth

The owner of 2 Sisters Food Group saw growth in both profits and sales in the first quarter of its financial year.

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The 2 Sisters Food Group factory in West Bromwich

Boparan Holdings enjoyed a third successive quarter of growth as its turnaround continues to deliver.

For the 13 weeks to October 26 like-for-like sales were up 0.6 per cent on a year before at £662.7 million. Profit before tax rose 9.6 per cent to £26.3m and on a like-forlike basis it was ahead 42.4 per cent to £22.5m.

The sales growth was driven by its European poultry, biscuits and bakery businesses.

The turnaround of the UK poultry business, which includes chicken processing factories in Wolverhampton West Bromwich, continued and there was improved performance in the ready meals business.

Chief executive of 2 Sisters Food Group Ronald Kers said: "Our new financial year starts with another quarter of double-digit like-for-like earnings growth for the group, providing more evidence that the positive actions we have made in previous quarters are paying off. Turnaround outcomes are being realised and we’re seeing improved margin performance and encouraging performance in all our divisions.

"Recovery across our group continues and the unrelenting focus on cost control, reduction and cash generation is bringing more positive results and gives the business a strong platform for this new financial year."

The next quarter's results are due to be published on March 25 and the business, which has its head office in Birmingham, expects the trend of year-on-year profits growth to continue.

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