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Birmingham Post
Birmingham Post
Business
Graeme Whitfield

Revenues rise at Cranswick despite pressure from cost inflation

Food producer Cranswick has reported rising revenues driven by both acquisitions and increasing organic demand in the UK.

The Hessle-based business, has issued a trading update for the quarter up to June 25 in which revenues were 7.6% of the same period last year, and 5.8% up on a like-for-like basis.

It said that strong growth in its core UK market was partly offset by lower export revenue, though it highlighted how “substantial and widespread cost inflation” was putting a pressure on its business. Cranswick said it was managing those pressures through cost control, though it had also had to increase prices for customers.

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