tiprankstipranks
Bakkavor Group Announces Strong H1 Growth
Company Announcements

Bakkavor Group Announces Strong H1 Growth

Bakkavor Group plc (GB:BAKK) has released an update.

Don't Miss Our Christmas Offers:

Bakkavor Group plc has reported a robust first half of 2024, with a 2.8% increase in reported revenue to £1,121.2 million and a significant 26.7% rise in adjusted operating profit to £55.0 million, leading to a margin improvement and a 10% hike in interim dividend. The company attributes its strong performance to volume growth in the UK, operational efficiency, and strategic progress across all regions. With this momentum, Bakkavor has upgraded its full-year outlook, forecasting an adjusted operating profit between £108 million and £112 million, surpassing market expectations.

For further insights into GB:BAKK stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskBakkavor Group Announces Share Sale by Key Executive
TipRanks UK Auto-Generated NewsdeskBakkavor Executives Transfer Shares to Spouses
Jason CarrBakkavor Group plc (BAKK) Announces Q4 Dividend: Read On for Important Dates
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App