United Biscuits suffers profit tumble

12 October, 2015

United Biscuits (UB) has seen pre-tax operating profits fall 47.5% to £54.7 million in the year to 3 January 2015, according to newly filed Companies House accounts.

As reported in The Grocer, the drop is mostly due to one-off expenses including £12m of factory modernisation and head office restructuring costs and £38.5m associated with the acquisition of the company by the Turkish Yildiz Holding from Blackstone and PAI Partners in November 2014. The sale of KP Snacks in 2013 and a share-based payment charge of £12.1m also had an impact.

Operating profits before exceptional items were healthy, with a 7.7% increase to £152.3m deriving from stable revenues of £906.5m (0.1%).

Site Search


    Insights from the Bakery Market Report 2016

    You can now purchase the Bakery Market Report 2016, which offers insight into the retail bakery trade in the UK.

Events Calendar