January 19, 2018 12:40 PM ET

Food Products

Company Overview of Bakkavor Finance (2) plc

Company Overview

Bakkavor Finance (2) plc, together with its subsidiaries, prepares, markets, and distributes prepared food products for grocery retailers primarily in the United Kingdom. It manufactures custom and private savory and bakery products; provides customer invoicing and financing of receivables, as well as pension trustee services; and produces and manufactures salads. It markets its products in Continental Europe, Asia, and the United States primarily through high street supermarkets. The company was incorporated in 2011 and is based in London, the United Kingdom. Bakkavor Finance (2) plc is a subsidiary of Bakkavor Finance (1) Limited.

Fitzroy Place

5th Floor

8 Mortimer Street

London,  W1T3J

United Kingdom

Founded in 2011

18,945 Employees

Key Executives for Bakkavor Finance (2) plc

CEO, Member of the Management Board & Director
Age: 53
Chief Financial Officer and Member of the Management Board
Age: 61
Member of the Management Board, Chief Executive of Bakkavor USA and President of Bakkavor USA
Age: 53
Chief Operating Officer of UK and Member of the Management Board
Age: 50
Managing Director of Bakkavor Asia and Member of the Management Board
Age: 47
Compensation as of Fiscal Year 2017.

Bakkavor Finance (2) plc Key Developments

Bakkavor Finance 2 Plc, Q3 2016 Earnings Call, Nov 10, 2016

Bakkavor Finance 2 Plc, Q3 2016 Earnings Call, Nov 10, 2016

Bakkavor Finance 2 plc Announces Unaudited Consolidated Earnings Results for the Third Quarter and Year to Date Ended September 24, 2016

Bakkavor Finance 2 Plc announced unaudited consolidated earnings results for the third quarter and year to date ended September 24, 2016. For the quarter, the company reported revenue was £433.6 million against £419.9 million a year ago. Operating profit was £27.4 million against £25.0 million a year ago. Profit before tax was £25.9 million against £18.3 million a year ago. Profit for the period from continuing operations was £22.2 million against £14.9 million a year ago. Profit for the period attributable to equity holders of the parent company was £22.7 million against £25.0 million a year ago. Net cash used in operating activities was £38.0 million against £40.0 million a year ago. Purchases of property, plant and equipment was £19.2 million against £9.2 million a year ago. Adjusted EBITDA was £37.6 million against £35.9 million a year ago. For the year to date, the company reported revenue was £1,288.1 million against £1,255.2 million a year ago. Operating profit was £77.6 million against £61.9 million a year ago. Profit before tax was £54.6 million against £19.6 a year ago. Profit for the period from continuing operations was £48.3 million against £17.3 million a year ago. Profit for the period attributable to equity holders of the parent company was £48.8 million against £29.3 million a year ago. Net cash generated from operating activities was £88.0 million against £62.1 million a year ago. Purchases of property, plant and equipment was £44.4 million against £24.6 million a year ago. Adjusted EBITDA was £109.5 million against £95.7 million a year ago. Statutory net debt as of September 24, 2016 was £379.4 million.

Bakkavor Finance 2 Plc to Report Q3, 2016 Results on Nov 10, 2016

Bakkavor Finance 2 Plc announced that they will report Q3, 2016 results on Nov 10, 2016

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