Profits and turnover up at poultry firm Faccenda

Poultry integrator Faccenda Foods has reported a solid financial performance for the year to 2 May 2015.

Both turnover and profits were up despite what managing director Andy Dawkins called “tough trading conditions”.

Sales grew some 2% to £532m, while operational profits were £11.7m, up from £9.1m in the previous period.

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A trading review for Faccenda said demand for poultry had remained “steady” through the first six months, but weaker wholesale and export conditions dampened trade as the year progressed.

The results add that the purchase of Cherry Valley Foods concluded in February 2015, make Faccenda the only major supplier of poultry, turkey and duck in the UK.

Mr Dawkins said: “It’s no secret this is a tough trading environment, driven by export restrictions, currency fluctuations and fierce competition in the UK retail sector.”

He highlighted growth in convenience food sales, work on campylobacter reduction and improving employee conditions as highlights over the period.

“Our strategy is unchanged. By investing strongly across our supply chain in agriculture enrichment, facility development and food safety, we will establish ourselves as the first-choice supplier for poultry.

“This is made possible by our solid foundations, a strong balance sheet and the financial stability to plan for the long term, giving our customers confidence to grow with us as a trusted partner.”