Bakkavor boosts full-year profits outlook

Convenience food maker Bakkavor Group boosted its full-year profits forecast on Wednesday, following a strong first half.

Bakkavor Group
03 September 2025 08:33:19

Source: Sharecast

Like-for-like revenues from continuing operations at the FTSE 250 firm improved 1.2% to £1.1bn in the 26 weeks to 28 June, while reported revenues rose 0.9% to £1.1bn. Adjusted operating profits jumped 9.8% to £61.5m

As a result, the business - which has agreed to be taken over by pre-packed sandwich specialist Greencore in a £1.2bn deal - now expects full-year adjusted operating profits from continuing operations to be towards the upper end of guidance, for between £120m and £126m.

Mike Edwards, chief executive, said: "The business is in great shape, with momentum expected to continue in the second half.

"Looking further ahead, we have accelerated the delivery of our medium-term margin target of 6% to the 2026 full-year, one year ahead of plan."

Bakkavor sold its China business in July, and its Hong Kong operations in March, and both have therefore been excluded from the interim results.

Greencore and Bakkavor agreed to join forces earlier this year. The Competition and Markets Authority confirmed this week that it was opening a formal acquisition into the deal, which is set to create a convenience food giant with combined revenues of around £4bn.

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

N/A

Isin: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Chart not available

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.