Sales for 2015: £1.52billion
Our core segment is the UK. Our UK businesses primarily supply own-label fresh prepared foods products to all the major grocery retailers in the UK across fresh categories such as ready meals, pizzas, desserts, fresh cut salads, dressed and meal salads, dips, soups, sauces, fresh cut fruit and vegetables.
Sales for 2015: £155 million
Our International segment represents sales to retail and foodservice customers in Belgium, Spain, USA and China (including Hong Kong).
Key developments in 2015
- Continued revenue growth, with a strong recovery in our International businesses
- Adjusted EBITDA margin improvement underpinned by productivity investments
- Leverage ratio now less than three times through excellent cash conversion
- Greater focus on growth markets through acquisition and investment
- Strengthening of ownership structure supports Group’s long term strategic objectives
- Part-redemption of Senior Secured Notes leads to more cost effective financing