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Trading statements

Dairy Crest outlook unchanged

09 February 2017 07:34

Dairy Crest said the outlook for the full year remained in line with its expectations.

The group said its key brands continued to perform well in the nine months ended 31 December.

It said Clover, Frylight and Country Life had all grown volumes in the first nine months of the year and had taken significant share in their respective markets and, as predicted, Cathedral City's performance improved in the third quarter.

Overall, in the first nine months of the year the combined volumes of Cathedral City, Country Life, Clover and Frylight were in line with the corresponding period in the previous year.

An update said: "Innovation and brand building continues to be at the heart of what we do.

"Clover and Frylight have both seen new packaging launches during the quarter and Frylight has been supported by a new TV advertising campaign over the last six weeks.

"In January 2017, Clover won the spreads category 'Product of the Year 2017' award in the world's largest consumer survey award for product innovation.

"This is a testimony to the work we undertook to remove artificial ingredients from Clover.

"Furthermore, in October 2016 Frylight won the Institute of Grocery and Distribution Health and Wellness award.

"We will continue to invest in innovation and marketing across our key brands through 2017."

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Related Company: DCG

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