Boparan Holdings' profits up following turnaround plan
Growth was driven by its UK and EU Poultry businesses.
Boparan Holdings's turnaround plan to has reaped rewards, reporting like-for-like EBITDA growth of 19% to £21.9m compared to Q3 17/18’s £18.4m.
Like-for-like sales were up 1.2% to £663m compared to Q3 17/18’s £655.4m, driven by growth in core businesses.
The company says the earnings growth was driven by its UK and EU Poultry businesses.
“Further divisional restructurings will continue, as will a relentless focus on improving our balance sheet position. Lasting change cannot come about overnight, but these results do show our strategy is gaining momentum as green shoots begin to appear,” 2 Sisters Food Group CEO Ronald Kers said.
Aside from 2 Sisters Food Group, Boparan Holdings also owns the Harry Ramsden’s, Giraffe and Ed’s Easy Diner chains.
