Prepared food giant Bakkavor has posted a growth in Q4 revenue.
The ready meal specialist's turnover figure for Q4 2014 was £428.4 million, compared to £416.3m in Q4 2013.
There was a return to profit, meanwhile, in the quarter, compared to Q4 2013 - the pre-tax profit figure recorded for Q4 2014 was £5.1m, compared with the £19.5m pre-tax loss in the same period last year.
A spokesperson for the firm, said: 'The group reported revenues of £1.7bn for the year ended 27 December 2014, an increase of 2.6 per cent on the prior year. On a like-for-like basis, excluding sold and closed businesses and at constant currency, revenue growth was 4.4 per cent.
'Once again we outperformed the wider fresh prepared foods market in the UK as we benefited from annualised business wins, successful customer relaunch activity and favourable weather patterns with a relatively mild winter and reasonable summer. Our International revenues declined in statutory terms due to the sale of our South African prepared fruit business in January 2014.
'On a like-for-like basis, however, our International segment delivered excellent growth through business wins with new and existing customers.'
CEO Agust Gudmundsson, added:“In a tough trading environment with low market growth, the group has made good progress, increasing revenues, market share, margins and cash generation. Against a backdrop of challenging market conditions, we have continued our strategy of leadership in innovation, and close partnering with our customers.”
Bakkavor is a key supplier to leading retailers and foodservice.
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