Icelandic food giant Bakkavor has released impressive sales figures for the first quarter of 2007.

The company announced that growth in like-for-like sales in its underlying business was up 13.8 percent, with operating profit up 37 percent to £25.4m. Turnover has now reached £349.4m.

Chief executive Agust Gudmundsson said: “Group UK sales remain robust in the fresh prepared foods and the produce markets. As well as strengthening our operations in Continental Europe we are taking pioneering steps in product innovation in the region.

“We are committed to further strengthening our position as a global fresh prepared foods provider, focusing on growth in new markets. The fresh prepared foods market in Western Europe is expected to grow by 20% in the next four years and by 30% in China. We are well positioned in our target geographical markets to benefit from these opportunities.”

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