RGFC sees strong EBITDA growth

03 July, 2012

The Real Good Food Company (RGFC) has posted strong results, with EBITDA up 62% to £9.1m in the 12 months to December 2011.

The firm – which announced in April 2011 that it would move its reference date for financials from 31 December to 31 March, to better align its financial reporting with its trading seasonality – posted revenues of £305.5m for the 15 months to 31 March 2012.

This compared to revenue for the 12 months to 31 December 2011 of £249m.
 
RGFC put its “strong performance” down to its focus on brand development and driving sales growth. It said its key trading divisions of Napier Brown, Garrett Ingredients and Renshaw had all increased their all EBITDA performance year-on-year.

Pieter Totte, executive chairman, said: “In 2011, we delivered on our commitment to return to growth in sales and profitability.

“We are now embarking on an exciting period designed to transform the scale of the group over the next three years. This strategy is rooted in robust plans produced by each individual business and we have restructured the group to support these.”





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