Bakkavor Group plc (BAKK.L) reported that revenues for the first quarter of 2025 rose 3.3% year-over-year to 559.3 million pounds. Quarterly like-for-like revenue was up 3.9%, driven by good volume growth internationally and primarily price in the UK.
The company said it remains on track to deliver Group adjusted operating profit margin target of 6% in fiscal year 2027.
Mike Edwards, CEO said, "The Group delivered a strong performance in Q1 25, with excellent progress against the strategy across all three regions. The momentum this has created underpins our confidence in delivering both our increased guidance for FY25, and our ambition of achieving 6% margin in FY27."
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