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Premier Foods Plc

Current Price 149.40p Bid 148.80p Ask 150.00p Change -0.40%
Last Updated: 28/03/2024 10:24. Prices delayed by at least 15 minutes.
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Company Overview

As one of the UK's largest food producers, we're passionate about food and believe, each and every day, we have the opportunity to enrich life for everyone. We employ over 4,000 dedicated colleagues operating from 15 sites across the country, supplying a range of retail, wholesale, foodservice and other customers with our iconic brands which feature in millions of homes every day. We operate primarily in the ambient food sector, which is one of the largest sectors within the total UK grocery market. We operate in four key Grocery categories: Flavourings & Seasonings; Quick Meals, Snacks & Soups; Ambient Desserts and Cooking Sauces & Accompaniments. Within Sweet Treats we operate in the Ambient Cakes category.

Financial Highlights Year Ended 01/04/2023

Revenue
£1,006.40m
Operating Profit/Loss
£132.20m
Dividend yield (%)
1.20
Total dividend for year
n/ap
Dividend cover
8.96
P/E Ratio
9.50

Key Personnel

Mr Alex Whitehouse
Chief Executive Officer
Mr Duncan Leggett
Chief Financial Officer
Mr Roisin Donnelly
Independent Non-Executive Director
Mr Tim Elliott
Independent Non-Executive Director
Ms Helen Jones
Independent Non-Executive Director
Ms Lorna Tilbian
Independent Non-Executive Director
Ms Tania Howarth
Independent Non-Executive Director
Mr Colin R Day
Non-Executive Chairman
Mr Yuichiro Kogo
Non-Executive Director
Mr Richard Hodgson
Senior Independent Director

Stock Details

EPIC
PFDL
ISIN
GB00B7N0K053
Shares in Issue
826.54m
Market cap
£1,234.84m

Analyst Views (6)

Strong Buy
 
66.67%
Buy
 
0%
Hold
 
33.33%
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
149.40p
Bid Price
148.80p
Ask Price
150.00p
Volume
9
Change Today
-0.60p
% Change Today
-0.40%
Open
149.40p
Previous Close
150.00p
Intraday High
149.40p
Intraday Low
149.40p
52 Week High
155.60p
52 Week Low
113.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
01 Apr 2023
02 Apr 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
1,006.40
900.50
Operating Profit/Loss
132.20
131.10
Net Interest
-19.80
-28.50
Pre-Tax Profit
112.40
102.60
Profit After Tax from continuing operations
91.60
77.50
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
91.60
77.50
Attributable to:
Equity Holders of Parent Company
91.60
77.50
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
01 Apr 2023
02 Apr 2022
Basic
10.60p
9.00p
Diluted
10.40p
8.80p
Adjusted
10.40p
8.80p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
01 Apr 2023
02 Apr 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
185.90
190.90
Intangible Assets
974.70
939.50
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
982.50
1,171.80
Current Assets
Inventories
93.70
78.10
Trade & Other Receivables
103.90
96.50
Cash at Bank & In Hand
64.40
54.30
Current Asset Investments
n/a
n/a
Other Current Assets
0.80
2.40
Other Assets
n/a
n/a
Total Assets
2,405.90
2,533.50

Liabilities

Year End Date
01 Apr 2023
02 Apr 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
3.60
2.40
Other Current Liabilities
268.70
256.30
Total Current Liabilities
272.30
258.70
Non-Current Liabilities
Borrowings
335.60
337.20
Provisions
184.50
221.20
Other Non-Current Liabilities
207.50
209.50
Total Non-Current Liabilities
727.60
767.90
Other Liabilities
n/a
n/a
Total Liabilities
999.90
1,026.60

Net Assets

Year End Date
01 Apr 2023
02 Apr 2022
 
£ (M)
£ (M)
Net Assets
1,406.00
1,506.90

Capital & Reserves

Year End Date
01 Apr 2023
02 Apr 2022
 
£ (M)
£ (M)
Share Capital
86.80
86.30
Share Premium Account
2.50
1.50
Other Reserves
342.40
342.40
Retained Earnings
974.30
1,076.70
Shareholders Funds
1,406.00
1,506.90
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,406.00
1,506.90

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
29 Jun 2023
28 Jul 2023
1.44p
Final
30 Jun 2022
29 Jul 2022
1.20p
Final
01 Jul 2021
30 Jul 2021
1.00p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p

Dividend Metrics

Year End Date
01 Apr 2023
02 Apr 2022
Dividend growth
20.00%
20.00%
Dividend yield
1.20%
1.00%
Dividend cover
8.96
9.58


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