Real Good Food (RGD)

Sector:

Food

Index:

FTSE AIM All-Share

1.43p
   
  • Change Today:
      0.025p
  • 52 Week High: 2.75
  • 52 Week Low: 1.05
  • Currency: UK Pounds
  • Shares Issued: 99.56m
  • Volume: 20,833
  • Market Cap: £1.42m
  • RiskGrade: 215

Shortages, staff absences dent sales at Real Good Food

By Michele Maatouk

Date: Monday 14 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Cake decorations maker Real Good Food said on Monday that second-half revenue was set to be similar to the same period a year prior after shortages and staff absences dented sales in December and January.
In an update for the year to the end of March 2022, the AIM-listed company said it entered its seasonally busier second half "in good shape" and had expected to report on further progress being made after a solid start to the year.

"Sales in December and January, however, have been much lower than anticipated due to severe shortages, and erratic deliveries, of certain ingredients and services, compounded by high absence rates because of the omicron variant, which affected our ability to fulfil customer orders," the company said. "We believe that these issues are short term ones and will ameliorate in the coming months."

Revenue and EBITDA in the first half were "well ahead" of the previous year, with revenue back to pre-covid levels. However, H2 revenue is expected to be at a similar level to the second half of last year, despite a pick-up in sales to the wholesale sector. Real Good Food said international sales, which had been expected to show double-digit growth, are going to be marginally below last year's numbers.

"Overall, with increased costs during the second half of the year, the group is expected to make a small profit at EBITDA level broadly similar to underlying EBITDA reported in the prior year," it said. "Cash at the half year was £2.7m, a modest cash inflow is expected to be reported for the second half of the year."

At 1030 GMT, the shares were down 9% at 2.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Real Good Food Market Data

Currency UK Pounds
Share Price 1.43p
Change Today 0.025p
% Change 1.79 %
52 Week High 2.75
52 Week Low 1.05
Volume 20,833
Shares Issued 99.56m
Market Cap £1.42m
RiskGrade 215

Real Good Food Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.04% above the market average58.04% above the market average58.04% above the market average58.04% above the market average58.04% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Price Trend
80.46% below the market average80.46% below the market average80.46% below the market average80.46% below the market average80.46% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income Not Available
Growth
40.73% below the market average40.73% below the market average40.73% below the market average40.73% below the market average40.73% below the market average
37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average

Real Good Food Dividends

  Latest Previous
  Interim Interim
Ex-Div 29-Dec-16 n/a
Paid 25-Jan-17 n/a
Amount 0.040p 0.000p

Trades for 01-Feb-2023

Time Volume / Share Price
11:08 3,472 @ 1.44p
08:00 17,361 @ 1.44p

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