Premier Foods has reported good progress in 2009 with branded sales up 6.5% and trading profit up 4.5% for the year ended 31 December 2009.
The group has set out more details of the next stage of its journey to deliver growth and cash, and is confident of making further progress in 2010 in implementing the strategy of growing branded sales, of delivering efficiencies in procurement and in manufacturing and of generating cash.
Commenting on the results, chief executive officer, Robert Schofield said: “Premier Foods achieved a tremendous amount in 2009. We strengthened our balance sheet, cut debt, increased trading profits and returned to positive earnings.
“We are now outlining our plans and ambitions for the next chapter in the successful growth of the business. We are laying out a series of key targets and performance indicators for the next three years and providing an even greater degree of transparency as befits a business of our scale.”
