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Bakkavor Group Plc

Current Price 120.50p Bid 120.50p Ask 123.00p Change -2.03%
Last Updated: 09/05/2024 18:06. Prices delayed by at least 15 minutes.
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Company Overview

Bakkavor is the leading provider of fresh prepared food ("FPF") in the United Kingdom and has a growing international presence in the United States and China. The Group develops and produces innovative fresh prepared food products for a variety of occasions and budgets and is the number one producer by market share in the UK in each of the four fresh prepared food product categories: Meals, Salads, Desserts and Pizza & Bread. In partnership with some of its long-standing retailer customers, the Group has helped to develop and grow the fresh prepared food market in the United Kingdom, and today, the United Kingdom is one of the largest and most dynamic fresh prepared food markets in the world. The Group's customers include some of the United Kingdom's most reputable and well-known grocery retailers, which sell the Group's products to consumers under their respective brands.

Financial Highlights Year Ended 28/12/2019

Revenue
£1,885.90m
Operating Profit/Loss
£68.90m
Dividend yield (%)
1.40
Total dividend for year
n/ap
Dividend cover
6.35
P/E Ratio
11.00
More Financials

Key Personnel

Mr Agust Gudmundsson
Chief Executive Officer
Mr Peter Gates
Chief Financial Officer
Ms Annabel Tagoe-Bannerman
General Counsel and Company Secretary
Mr Denis Hennequin
Independent Non-Executive Director
Mr Todd Krasnow
Independent Non-Executive Director
Mr Umran Beba
Independent Non-Executive Director
Mrs Sue Clark
Independent Non-Executive Director
Ms Jane Ann Lodge
Independent Non-Executive Director
Mr Simon Burke
Non-Executive Chairman
Mr Lydur Gudmundsson
Non-Executive Director
Mr Patrick Cook
Non-Executive Director

Stock Details

EPIC
BAKKL
ISIN
GB00BF8J3Z99
Shares in Issue
0.00m
Market cap
£0.00m

Analyst Views (7)

Strong Buy
 
42.86%
Buy
 
28.57%
Hold
 
28.57%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
120.50p
Bid Price
120.50p
Ask Price
123.00p
Volume
923
Change Today
-2.50p
% Change Today
-2.03%
Open
121.50p
Previous Close
120.50p
Intraday High
121.75p
Intraday Low
120.50p
52 Week High
123.00p
52 Week Low
81.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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Income Statement

Year End Date
28 Dec 2019
29 Dec 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
1,885.90
1,857.20
Operating Profit/Loss
68.90
85.20
Net Interest
-18.70
-13.20
Pre-Tax Profit
43.80
77.90
Profit After Tax from continuing operations
36.90
67.20
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
36.90
67.20
Attributable to:
Equity Holders of Parent Company
36.90
67.20
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
6.0000p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
28 Dec 2019
29 Dec 2018
Basic
6.40p
11.60p
Diluted
6.30p
11.50p
Adjusted
12.70p
14.50p
Dividend per Share
n/ap
6.0000p

Assets

Year End Date
28 Dec 2019
29 Dec 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
553.70
426.90
Intangible Assets
653.90
653.20
Investment Properties
n/a
n/a
Investments
12.60
12.60
Other Financial Assets
n/a
0.20
Other Non-Current Assets
36.90
19.60
Current Assets
Inventories
64.40
62.80
Trade & Other Receivables
131.70
142.70
Cash at Bank & In Hand
25.90
12.40
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
1.90
Other Assets
n/a
n/a
Total Assets
1,479.10
1,332.30

Liabilities

Year End Date
28 Dec 2019
29 Dec 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
48.50
6.60
Other Current Liabilities
403.50
401.80
Total Current Liabilities
452.00
408.40
Non-Current Liabilities
Borrowings
409.80
312.40
Provisions
42.90
39.30
Other Non-Current Liabilities
0.80
2.80
Total Non-Current Liabilities
453.50
354.50
Other Liabilities
n/a
n/a
Total Liabilities
905.50
762.90

Net Assets

Year End Date
28 Dec 2019
29 Dec 2018
 
£ (M)
£ (M)
Net Assets
573.60
569.40

Capital & Reserves

Year End Date
28 Dec 2019
29 Dec 2018
 
£ (M)
£ (M)
Share Capital
11.60
11.60
Share Premium Account
n/a
n/a
Other Reserves
-103.90
-97.10
Retained Earnings
665.90
654.90
Shareholders Funds
573.60
569.40
Minority Interests/Other Equity
n/a
n/a
Total Equity
573.60
569.40

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
25 Apr 2024
29 May 2024
4.37p
Interim
14 Sep 2023
13 Oct 2023
2.91p
Final
27 Apr 2023
05 Jun 2023
4.16p
Interim
15 Sep 2022
14 Oct 2022
2.77p
Interim
15 Sep 2022
14 Oct 2022
2.77p
Final
28 Apr 2022
30 May 2022
3.96p
Interim
16 Sep 2021
15 Oct 2021
2.64p
Interim
16 Sep 2021
15 Oct 2021
2.64p
Final
29 Apr 2021
25 May 2021
4.00p
Interim
19 Sep 2019
11 Oct 2019
2.00p
Interim
19 Sep 2019
11 Oct 2019
2.00p
Final
02 May 2019
29 May 2019
4.00p
Interim
13 Sep 2018
05 Oct 2018
2.00p

Dividend Metrics

Year End Date
28 Dec 2019
29 Dec 2018
Dividend growth
-66.67%
n/a%
Dividend yield
1.40%
4.50%
Dividend cover
6.35
2.42


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