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Bakkavor Group plc ( (GB:BAKK) ) just unveiled an announcement.
Bakkavor Group reported a strong performance for the financial year 2024, surpassing market expectations with a 5.1% increase in like-for-like revenue and a 4.0% rise in reported revenue. The company’s strategic focus on efficiency improvements has resulted in profit margin enhancements across its UK, US, and China markets. The Group anticipates its adjusted operating profit to align with the upper range of market forecasts and aims to achieve a 6% profit margin in the medium term, demonstrating confidence in its ongoing strategic initiatives.
More about Bakkavor Group plc
Bakkavor Group plc is a leading provider of fresh prepared food in the UK with a significant presence in the US and China. The company operates from 43 sites across these regions, supplying over 3,000 products including meals, pizza & bread, salads, and desserts to grocery retailers and international food brands.
YTD Price Performance: -10.62%
Average Trading Volume: 271,817
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £756.2M
For an in-depth examination of BAKK stock, go to TipRanks’ Stock Analysis page.
