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Premier Foods Plc

Current Price 171.40p Bid 168.20p Ask 171.40p Change 1.30%
Last Updated: 02/06/2024 00:38. Prices delayed by at least 15 minutes.
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Company Overview

As one of the UK's largest food producers, we're passionate about food and believe, each and every day, we have the opportunity to enrich life for everyone. We employ over 4,000 dedicated colleagues operating from 15 sites across the country, supplying a range of retail, wholesale, foodservice and other customers with our iconic brands which feature in millions of homes every day. We operate primarily in the ambient food sector, which is one of the largest sectors within the total UK grocery market. We operate in four key Grocery categories: Flavourings & Seasonings; Quick Meals, Snacks & Soups; Ambient Desserts and Cooking Sauces & Accompaniments. Within Sweet Treats we operate in the Ambient Cakes category.

Financial Highlights Year Ended 30/03/2024

Revenue
£1,137.50m
Operating Profit/Loss
£177.70m
Dividend yield (%)
1.20
Total dividend for year
n/ap
Dividend cover
7.93
P/E Ratio
10.90
More Financials

Key Personnel

Mr Alex Whitehouse
Chief Executive Officer
Mr Duncan Leggett
Chief Financial Officer
Mr Roisin Donnelly
Independent Non-Executive Director
Mr Tim Elliott
Independent Non-Executive Director
Ms Helen Jones
Independent Non-Executive Director
Ms Lorna Tilbian
Independent Non-Executive Director
Ms Tania Howarth
Independent Non-Executive Director
Mr Colin R Day
Non-Executive Chairman
Mr Yuichiro Kogo
Non-Executive Director
Mr Richard Hodgson
Senior Independent Director

Stock Details

EPIC
PFDL
ISIN
GB00B7N0K053
Shares in Issue
826.54m
Market cap
£1,416.68m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
171.40p
Bid Price
168.20p
Ask Price
171.40p
Volume
133,069
Change Today
2.20p
% Change Today
1.30%
Open
170.00p
Previous Close
171.40p
Intraday High
172.30p
Intraday Low
170.00p
52 Week High
175.20p
52 Week Low
113.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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Income Statement

Year End Date
30 Mar 2024
01 Apr 2023
 
£ (M)
£ (M)
Continuing Operations
Revenue
1,137.50
1,006.40
Operating Profit/Loss
177.70
132.20
Net Interest
-26.30
-19.80
Pre-Tax Profit
151.40
112.40
Profit After Tax from continuing operations
112.50
91.60
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
112.50
91.60
Attributable to:
Equity Holders of Parent Company
112.50
91.60
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
30 Mar 2024
01 Apr 2023
Basic
13.00p
10.60p
Diluted
12.70p
10.40p
Adjusted
13.70p
12.90p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
30 Mar 2024
01 Apr 2023
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
190.40
185.90
Intangible Assets
992.30
974.70
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
832.40
982.50
Current Assets
Inventories
98.90
93.70
Trade & Other Receivables
115.70
103.90
Cash at Bank & In Hand
102.30
64.40
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
0.80
Other Assets
n/a
n/a
Total Assets
2,332.00
2,405.90

Liabilities

Year End Date
30 Mar 2024
01 Apr 2023
 
£ (M)
£ (M)
Current Liabilities
Borrowings
2.70
3.10
Other Current Liabilities
275.60
269.20
Total Current Liabilities
278.30
272.30
Non-Current Liabilities
Borrowings
335.20
335.60
Provisions
160.20
184.50
Other Non-Current Liabilities
231.40
207.50
Total Non-Current Liabilities
726.80
727.60
Other Liabilities
n/a
n/a
Total Liabilities
1,005.10
999.90

Net Assets

Year End Date
30 Mar 2024
01 Apr 2023
 
£ (M)
£ (M)
Net Assets
1,326.90
1,406.00

Capital & Reserves

Year End Date
30 Mar 2024
01 Apr 2023
 
£ (M)
£ (M)
Share Capital
86.90
86.80
Share Premium Account
2.70
2.50
Other Reserves
342.40
342.40
Retained Earnings
894.90
974.30
Shareholders Funds
1,326.90
1,406.00
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,326.90
1,406.00

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
27 Jun 2024
26 Jul 2024
1.728p
Final
27 Jun 2024
26 Jul 2024
1.728p
Final
29 Jun 2023
28 Jul 2023
1.44p
Final
30 Jun 2022
29 Jul 2022
1.20p
Final
01 Jul 2021
30 Jul 2021
1.00p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p
Special
20 Dec 2006
23 Feb 2007
5.50p

Dividend Metrics

Year End Date
30 Mar 2024
01 Apr 2023
Dividend growth
20.00%
20.00%
Dividend yield
1.20%
1.20%
Dividend cover
7.93
8.96


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