Cranswick has reported strong demand in the fourth quarter of the current financial year and has said it is on track to post healthy profits over the 12-month period.
The leading pig and poultry producer hosted a Capital Markets Day in London today, updating analysts and
institutional investors on its strategy and performance.
Cranswick executives revealed that ‘robust demand’ for its core pork and poultry products has continued through the fourth quarter, with the current financial outlook for the year ending March 29, 2025, remaining in line with current market expectations, ie ranging between £190m and £195m. The company has increased its medium-term operating margin target from 6% to 7.5%.
Cranswick, which recently announced the acquisition of JSR Genetics as it continues to build its pig production capabilities, also announced ‘more ambitious medium-term financial targets’.
Chief executive Adam Couch said: “2025 marks Cranswick’s 50th anniversary and today’s Capital Markets Day event is a fantastic opportunity to reflect on our successful business model and strategy, which have delivered strong, compound returns for our shareholders and compelling future growth opportunities.
“Our relentless focus on the strengths of the business, which include industry leading investment, a clearly defined strategy, broadening product portfolio and unrivalled management team, will continue to support the future successful development of Cranswick over the long term.”
Results for the 53 weeks to 30 March 2024 showed revenue of £2,599.3m and profit before tax of £158.4m.