Food giant Northern Foods has said it is on course to
meet performance expectations for the first half of the
year despite a drop in sales volumes over the period.
Ahead of unveiling its first-half results next month,
Northern ? the maker of Goodfellas pizza and Fox?s
biscuits ? said price rises meant total sales were up by
6.5% despite a dip in volumes of 1.7%.
Sales increased by almost 7% at the group?s bakery arm
and just over 4% for the frozen foods division.
?Northern Foods continues to make good progress in the
development of our business, despite the challenging
environment,? said chief executive Stefan Barden. ?We
have excellent products, a strong balance sheet and are
making very good progress in strengthening our core
business, which will enable us to take advantage of the
opportunities which this environment provides.
?Although profits are weighted to the second half of the
year, at this stage we remain on schedule to deliver
profit before tax and restructuring in line with