FINANCIAL HIGHLIGHTS
Revenue up 0.8 per cent to £1,003.3m (2014: £994.9m)
Adjusted Group operating margin1 of 5.8 per cent (2014: 5.4 per cent)
Adjusted profit before tax 1 up 10.6 per cent to £57.8m (2014: £52.2m)
Adjusted earnings per share1 up 9.5 per cent to 92.1p (2014: 84.1p)
Recommended final dividend up 6.4 per cent to 23.4p (2014: 22.0p)
Net debt at £17.3m (2014: £17.0m)
Statutory profit before tax of £52.8m (2014: £54.8m)
Statutory earnings per share of 84.1p (2014: 88.7p)
STRATEGIC AND OPERATIONAL HIGHLIGHTS
Acquired Benson Park Limited, a leading producer of premium British cooked poultry
£21 million investment in the Group's asset base
Extension of the Delico cooked meats facility in Milton Keynes completed on time and to budget
Major upgrade to the Norfolk fresh pork site
23 per cent growth in non-EU export sales
Cranswick Chairman Martin Davey said:
"I am pleased to report that Cranswick has made excellent strategic and commercial progress in the last year.
"Sales have exceeded £1 billion for the first time, an achievement in which all at the Company can be rightfully proud.
"The Board's strategy for the development of the protein base and customer profile of the business was illustrated by the acquisition, in October 2014, of Benson Park, a leading producer of premium British cooked poultry products serving the fast growing 'food to go' sector.
"Adjusted profit before tax was £57.8 million, an increase of 10.6 per cent on the previous year. Adjusted earnings per share rose 9.5 per cent to 92.1 pence.
