Bakkavor 1H like-for-like sales up 1.2%

Bakkavor 1H like-for-like sales up 1.2%

Bakkavor Group plc has announced its first-half (1H) 2025 financial results, revealing a 1.2% increase in like-for-like sales compared to the same period last year. This growth is a testament to the company's resilience and strategic positioning within the packaged foods sector [1].

The company's revenue for the first half of 2025 stood at £1.14 billion, up from £1.12 billion in the same period last year. This growth, despite the challenging market conditions, underscores Bakkavor's ability to maintain its market share and customer base. The company's strong performance can be attributed to its diverse product portfolio, which includes fresh meals, pizzas, breads, salads, and bakery products [1].

Bakkavor's earnings for the first half of 2025 were £28.5 million, an increase of 2.5% compared to the same period last year. The company's operational efficiency and cost management strategies have contributed significantly to this improvement. Despite the recent acquisition offers from Greencore, Bakkavor has maintained its focus on organic growth and operational excellence [1].

The company's stock price has been volatile in recent months due to the multiple takeover bids from Greencore. However, Bakkavor has dismissed these bids, stating that they significantly undervalued the company and its future prospects [2]. The company's management has expressed confidence in its long-term growth prospects and has reaffirmed its commitment to shareholders.

Looking ahead, Bakkavor will continue to focus on expanding its product offerings, enhancing its distribution network, and improving operational efficiency. The company's strategic approach to the market and its strong brand presence will be key drivers of growth in the coming quarters.

References:
[1] https://stockanalysis.com/quote/lon/BAKK/
[2] https://www.benzinga.com/news/25/09/23/market-watch-bakkavor-soars-after-it-dismisses-two-takeover-bids-from-greencore