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Real Good Food PLC - Pre-close Trading Update

RNS Number : 2813W
Real Good Food PLC
26 April 2016
 

Strictly embargoed until: 07.00: 26 April 2016

Real Good Food plc

("the Company" or "Real Good Food")

Pre-Close Trading Update

Real Good Food plc (AIM:RGD) announces a pre-close trading statement ahead of the publication of its results for the year ended 31st March 2016.  The Company is pleased to confirm that it expects to report EBITDA for the full year in line with current consensus expectations. 

As previously indicated, Real Good Food will be reporting an exceptional profit for the period, including £9.4m as a result of the sale of Napier Brown for total consideration of £44.4m.  This exceptional profit means that the Board expects statutory Profit Before Tax for the year to be approximately £13.9m.

The sale of Napier Brown resulted in a substantial improvement in the Group's net debt position, and the Group expects to report net debt as at 31 March 2016 of £5.0m, compared to £30.1m as at 31 March 2015. 

The Company will announce its final results for the year ended 31 March 2016 in late July 2016.

*-ends-*

 

About Real Good Food plc

Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale, foodservice and export. The Company focuses on three main markets: cake decoration (Renshaw, Rainbow Dust Colours), food ingredients (Garrett Ingredients and R&W Scott) and premium bakery (Haydens).

 

ENQUIRIES:

Real Good Food plc

Tel: 020 3857 3900

Pieter Totté, Executive Chairman

 

David Newman, Finance Director

 

Andrew Brown, Marketing Director

 

 

 

finnCap Limited (Nomad and Joint Broker)

Tel: 020 7220 0500

Matt Goode

 

Grant Bergman

 

 

 

Daniel Stewart and Company Plc (Joint Broker)

Tel: 020 7776 6550

Martin Lampshire

 

 

 

Belvedere Communications (PR)

Tel: 020 3567 0510 

John West

 

Kim van Beeck

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Real Good Food PLC

Price: 5.25

Market: LSE
Market Cap: £5.23 m
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