Bakkavor Group plc (GB:BAKK) has released an update.
Bakkavor Group plc has reported a robust first half of 2024, with a 2.8% increase in reported revenue to £1,121.2 million and a significant 26.7% rise in adjusted operating profit to £55.0 million, leading to a margin improvement and a 10% hike in interim dividend. The company attributes its strong performance to volume growth in the UK, operational efficiency, and strategic progress across all regions. With this momentum, Bakkavor has upgraded its full-year outlook, forecasting an adjusted operating profit between £108 million and £112 million, surpassing market expectations.
For further insights into GB:BAKK stock, check out TipRanks’ Stock Analysis page.
