Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

142.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 147.00
  • 52 Week Low: 81.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 125,965
  • Market Cap: 822.78m
  • RiskGrade: 195

Bakkavor sees 2024 profits at upper end as China markets rebound

By Frank Prenesti

Date: Tuesday 05 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Prepared food supplier Bakkavor said it expected 2024 adjusted operating profit to be at least in line with upper end of market expectations after posting a strong rise in earnings last year as its markets in China recovered from Covid-19 restrictions.

Pre-tax profits surged to £70.3m last year from £18.1m a year earlier, with group revenue up 3% to £2.2bn.

"The consumer environment is improving but still remains challenging, as such, we are planning for subdued volumes leading to revenue growth of 1% to 2% in 2024. We are not, however, reliant on volumes to deliver an improvement this year and trading in 2024 has started well," the company said on Tuesday.

"We have seen improved performance from our China business as the consumer environment continued to stabilise following the relaxation of Covid-related restrictions in December 2022. Without the volatility created by lockdowns we have been able to drive margin improvement through better operational efficiency and more stable production rates."

Reporting by Frank Prenesti for Sharecast.com

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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.

 

Bakkavor Group Market Data

Currency UK Pounds
Share Price 142.00p
Change Today -2.00p
% Change -1.39 %
52 Week High 147.00
52 Week Low 81.00
Volume 125,965
Shares Issued 579.43m
Market Cap 822.78m
RiskGrade 195

Bakkavor Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.63% above the market average61.63% above the market average61.63% above the market average61.63% above the market average61.63% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Price Trend
92.78% above the market average92.78% above the market average92.78% above the market average92.78% above the market average92.78% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Income
73.32% above the market average73.32% above the market average73.32% above the market average73.32% above the market average73.32% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
10.1% below the market average10.1% below the market average10.1% below the market average10.1% below the market average10.1% below the market average
40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bakkavor Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 14-Sep-23
Paid 29-May-24 13-Oct-23
Amount 4.37p 2.91p

Trades for 24-Jun-2024

Time Volume / Share Price
16:35 56,282 @ 142.00p
16:35 1 @ 142.00p
16:35 1,483 @ 142.00p
16:35 2,170 @ 142.00p
16:35 226 @ 142.00p

Bakkavor Group Key Personnel

CEO Mike Edward
CFO Ben Waldron

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