The UK’s Boparan Holdings Ltd., the holding company for 2 Sisters Food Group and Northern Foods Ltd., has announced 2011 revenue and adjusted EBITA of GBP2 billion (US$3.2 billion) and GBP170 million, respectively. Like for like sales at the group were up by 4.5% on an adjusted basis and 2.0% on an unadjusted basis.
The company notes that the integration of 2 Sisters and Northern Foods is progressing to plan, and that trading in its European poultry division is progressing in line with plans. However, it also reports that the UK market has seen significant inflation, with reduced volumes as consumers focus on reducing waste.
In both the UK and Europe divisions, the company notes that it is continuing to trade in line with expectations, with a focus on recovering the impact of higher feed costs.