Geest has released a trading update in accordance with good practice. It announced that its sales growth in prepared salads has improved from six per cent in the first half to 10 per cent in the four months to October, but is still not at the growth rate seen before the summer. Geest warns that this, rising costs of insurance and the opening of two new facilities will impinge on profitability in the second half.
Total sales for the 10 months to the end of October are 16 per cent ahead of the previous year. Operating profit before the sale of assets is likely to be on a par with last year although with the important Christmas trading period yet to come, this could improve.
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