Premier Foods meets profit forecasts

Posted on 10 Jan 2008 by The Manufacturer

Premier Foods, maker of Hovis bread, Mr Kipling cakes and Oxo cubes, has announced satisfactory sales over the Christmas period, and a 2007 profit within analysts’ forecast range.

A spokeswoman said that forecasts for underlying profit were between £274 million and £289 million.

Going into 2008, the company said that trading was likely to remain competitive, as well as continuing to experience high input costs.