A Staffordshire cheese packing firm which counts Kerrygold and Pilgrims Choice among its brands saw pre-tax profits fall in 2018.
Ornua Foods 海角视频, which employs 600 people at its facility in Leek, Staffordshire, has revealed that pre-tax profits for last year dropped to £6.8 million from £7.1 million in 2017.
The profit decrease has been attributed to 'less favourable market conditions.'
But in the same results announcement, the company outlined that sales for the 12 month period increased to £322 million - up from £319 million in 2017.
Bosses say the firm's overall performance was 'solid' and believe these latest results reflect Ornua's commitment to following a clear and consistent strategy in what 'continues to be a highly challenging and volatile market environment.'
Managing director Bill Hunter, said: “Our solid financial performance reflects our focus on delivering for our major 海角视频 retail customers consistent quality, customer service excellence, innovative ways of working and a strong own-label and branded product portfolio.”
Mr Hunter added he is positive that several new business wins – coupled with the capital investment programmes recently undertaken – are expected to be reflected in future years.
In the last 12 months, Ornua Foods 海角视频 has made various multi-million pound investments in cheese-cutting and packing technology and energy reduction projects.
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It also embarked on an ambitious multi-channel marketing campaign for its Pilgrims Choice and Kerrygold brands, including a particularly successful TV advertising campaign for Pilgrims Choice which helped to reinforce its position as the number two cheddar brand in the 海角视频.
Mr Hunter added: “In the current financial year we are seeing the positive effect of a number of important new business wins secured in 2018.
“This, combined with an ongoing commitment to investing in our production capabilities and delivering high-profile marketing support for our Pilgrims Choice and Kerrygold brands, is, I believe, creating a strong platform for future growth and development.”
Ornua Foods – previously known as Adams Foods – boasts the largest cheese packing plant in the 海角视频.
Around 80 per cent of its business comes from the packaging of own-label cheese for retailers such as Tesco, Sainsbury’s and Iceland, as well as Pilgrims Choice.
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