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The Real Good Food Company Improves Financial Performance

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The Real Good Food Company Improves Financial Performance

The Real Good Food Company Improves Financial Performance
February 02
15:57 2012

Leading UK bakery, ingredient and sugar group The Real Good Food Company has reported a 62% increase in EBITDA to £9.1 million for 2011, driven by sales growth and a focus on value added activities. The Real Good Food Company owns the largest independent non-refining distributor of sugar inEurope (Napier Brown) and is a supplier of dairy ingredients (Garretts), supplies bakery ingredients (Renshaw), jam and bakery ingredients (R&W Scott) and manufactures patisserie and desserts (Haydens Bakery).

“We are now seeing major benefits coming through from our dual-track programme of adjusting to the structural change affecting our biggest business, Sugar, and implementing strategic initiatives across all our other businesses. We are focused on creating solid sustainable profitability based on brand development, growth and risk management,” comments Pieter Totte, executive chairman of The Real Good Food Company. “I am extremely pleased that the progress we have made is reflected in a significant improvement in our financial performance during 2011. With trading starting positively in January, and divisional management achieving further progress in their improvement programmes, I am confident in meeting our expectations for 2012.”

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