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Pizza and desserts prove resilient at Bakkavor as sales dip

first_imgSource: BakkavorSales of pizza and desserts have proved resilient at food manufacturer Bakkavor as its UK sales fell 5.2% due to the ongoing impact of the pandemic.The UK side of the business, which produces sandwiches, salads, desserts amongst other items, reported revenue of £1,566.6m for the 52 weeks ending 26 December 2020. Adjusted operating profit, meanwhile, fell by 15.3% from £107.1m to £90.7m.Bakkavor said the breadth of its portfolio helped it to weather a volatile year in which consumer shopping habits changed and demand shifted significantly due to Covid-19 and lockdowns.A ‘strong performance’ was seen in its pizza and bread category, with pizza described as the firm’s ‘most resilient’ category across the year as it benefitted from being suitable for a midweek meal and also a takeaway-style product, particularly at the premium end of the spectrum.Despite being impacted by the initial boom in home baking, desserts also performed well.“Sales continued to improve through the second half, as we worked with customers to extend ranges, introduce popular new products such as the ‘Yumnut’ and deliver innovation in Christmas desserts, which resulted in us achieving our strongest ever Christmas performance in desserts,” it stated in its full year results.It also benefitted from an uplift in online shopping after one of its ‘key strategic customers’ kicked off a new partnership with Ocado.“Despite the UK Government’s roadmap, with lockdown restrictions in the UK continuing into the spring, the short-term trading environment remains uncertain, but we are encouraged by the way consumers have returned to our fresher, healthier and more convenient foods each time these restrictions have lifted,” said CEO Agust Gudmundsson.“The actions taken in 2020 to preserve cash and protect profitability across the business, combined with the successful turnaround of our US business, and the strength of our financial position, leave the Group well placed to deliver further growth.”In addition, the operational impact of Brexit on Bakkavor has been ‘modest’ and the company remains ‘well prepared’ for any near-term volatility in the supply chain.There has been some disruption in the export of goods to both the Republic of Ireland and Northern Ireland, but the sales impact represents less than 3% of its UK revenue.last_img read more

How Super Eagles Watched Algeria Emerged as Next Foe on TV

first_imgFemi Solaja at Le Meridian Heliopolis, CairoDateline was July 11 and at exactly 8:45pm Egyptian time, all the players, technical crew and the backroom staff have the obligation to be at the Common Room of Le Meridian Heliopolis to watch the Algeria versus Côte D’Ivoire which was the last match of the round of eight of the AFCON 2019.Players were not allowed to stay in the room and watch the match in a relax setting but the crew opted for group setting to allow a better analysis of the match since the next opponent of the team will emerge from the match. THISDAYSport noted that as the match progressed, the players were divided on whom they would wish to play and when Algeria took the lead and were even dominating the game, there was no wish or thoughts that could wish Côte D Ivoire should  equalise but when it eventually happened, there was tension in the room as they were sharply divided.But when the match went into mandatory lottery of penalty shootout, there was tension in the room but many have to affiliate to a particular team and when Algeria eventually emerged victorious, the players in unison cheered and ready to face them.“At this stage of the tournament, any of the four teams are potential champion hence no need to wish we play any particular opposition.“Either Algeria or Côte D Iviore, none will come easy but now that we are meeting a North African side for the first time in this tournament, it a special one and we hope we get the job done by any margin,” the assistant captain of the team, Ahmed Musa said on Thursday night.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more