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Bakkavor Group

Current Price 72.90p Bid 65.00p Ask 73.70p Change -0.95%
Last Updated: 03/06/2020 05:41. 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

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
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
BAKK
ISIN
GB00BF8J3Z99
Shares in Issue
579.43m
Market cap
£422.40m
Sector

Analyst Views (1)

Strong Buy
 
0%
Buy
 
0%
Hold
 
100.00%
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 view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
72.90p
Bid Price
65.00p
Ask Price
73.70p
Volume
243,557
Change Today
-0.70p
% Change Today
-0.95%
Open
75.40p
Previous Close
72.90p
Intraday High
76.30p
Intraday Low
72.90p
52 Week High
149.60p
52 Week Low
58.60p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

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
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
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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