Premier Foods plc Preliminary results announcement timing (0385M)
06 Mayo 2020 - 1:00AM
UK Regulatory
TIDMPFD TIDMIRSH
RNS Number : 0385M
Premier Foods plc
06 May 2020
6 May 2020
Premier Foods plc
("Premier Foods" or "the Group" or "the Company")
Preliminary results announcement timing
Further to the Group's announcement on 20 April 2020, and in
light of the published guidance by the FRC and FCA, Premier Foods
today confirms that it will be delaying the announcement of its
Preliminary results for the 52 weeks ended 28 March 2020. The Group
had originally intended to release the Preliminary results on 14
May 2020 but, to ensure the Company and its auditors have
sufficient time to complete the standard Full year reporting
requirements, the Company intends now to release its Preliminary
results by the end of June. Confirmation of the exact reporting
date will be provided nearer the time.
The Group's guidance for the 52 weeks ended 28 March 2020
remains unchanged. As previously announced, on 20 April 2020, the
Group's sales for the fourth quarter of its FY19/20 financial year
are expected to be up +3.6% with Trading profit expected to be at
the top end of market expectations. The Group expects to
comfortably beat its Net debt/EBITDA target of 3.0x at 28 March
2020. As previously indicated, trading in the first few weeks of
FY20/21 continues to be ahead of average patterns of demand.
Ends
For further information, please contact:
Premier Foods plc +44 (0) 1727 815 850
Duncan Leggett, Chief Financial
Officer
Richard Godden, Director of Investor
Relations & Treasury
Headland:
Ed Young +44 (0) 7884 666830
Francesca Tuckett +44 (0) 7884 667661
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END
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