Food manufacturer Bakkavor has said its 2024 performance was “strong” as its group revenue growth increased by 5.1% on the year.
Reported revenue was up by 4%, and in the UK the company reported improved volumes as some price recovery drove growth.
Bakkavor said it had achieved good strategic progress as it continued to deliver on its regional priorities with an ongoing focus on efficiencies.
As a result, Bakkavor anticipates its operating profit for FY24 to be in line with the upper end of market expectations.
Mike Edwards, CEO said: “We delivered a strong performance in 2024 as we continue rebuilding our margin and strengthening our balance sheet. Throughout the year we have delivered excellent quality, service and innovation for our customers, culminating in exceptional delivery of our Christmas peak.
“I would like to thank all colleagues for their commitment, energy and drive which has been fundamental to our delivery. Our improved financial performance will help us continue to invest in our business and our people.
“Looking forward, we expect to deliver further progress as we continue on our trajectory to our 6% margin target.”
