Real Good Food beats the winter weather
1 min read
The Real Good Food Company, which owns the largest independent non-refining distributor of sugar in Europe (Napier Brown), supplies bakery ingredients (Renshaw) and manufactures patisserie and desserts (Haydens Bakery), today (1 February) reported trading during its key pre-Christmas period was strong and that it had suffered no loss of sales at all as a result of the exceptionally severe weather experienced during December.
Sugar prices world-wide had soared to record highs in recent weeks, the company said; a situation which should transform the dynamics of Napier Brown following a transitional year that has seen a conclusion of EU sugar regime changes.
Renshaw produced its best ever performance in 2010, with growing exports and the increased popularity of home baking being the key drivers of strong sales growth.
Expansion of the Haydens Bakery business into a new distribution centre was well advanced, and the business had a good pre-Christmas trading period, during which it received accolades from customers for its ability to maintain product deliveries, despite weather-related logistical challenges.
Chairman Pieter Totté (pictured) said he was "very pleased" at the progress that had been made over the past 12 months. He went on: "We have three exciting businesses, each with prospects for continued further progress in the current year, and a significantly reduced level of bank borrowings. I look forward to reporting further on our progress over the coming months."
