The figuresIt's been a sizzling summer for Cranswick, which said revenues jumped to £529.1m during the period, up from £481.5m during the same period last year.
Why it's interestingIt could have been a pig of a year for the company, which sells many of its products under supermarkets' upmarket own brands, such as Sainsbury's Taste the Difference and Tesco Finest. Those supermarkets may have been hit hard by discounters Aldi and Lidl – but it seems our appetite for posh sausages remains undiminished. However, Cranswick's results don't take into account the period after late October, when the meat industry was rocked by a major report from the World Health Organisation (WHO), stating for every 50g portion of processed meat eaten daily, the risk of bowel cancer increases by 18 per cent. However, those export figures suggest Cranswick can stay resilient.
What Cranswick saidChief executive Martin Davey said:
The company continues to work closely with its customers and to maintain its focus on service, quality and innovation to deliver attractive, competitively priced products in market conditions that are expected to remain competitive through the second half of the year. This approach, allied to a broadening product portfolio and an anticipated strong Christmas trading period, means the business remains very well placed to deliver further growth in this financial year.