MARKET leading producer of chilled savoury products Addo Food Group has had a steady year in terms of sales with annual turnover increasing by 12% to £312m from £278m in the previous financial year. During the period that ended 30 March 2019, operating profit before exceptional items saw a slight increase in pre-tax profits to £7.6m from £7.5m.
The group, which manufactures under the Wall’s Pastry and Pork Farms brands and has more than 2,500 employees, confirmed that turnover has increased, but operating margins have been affected by customer demands and cost inflation.
The savoury snacks manufacturer, which produces a range of sausage rolls, pork pies and pasties for a selection of major UK retailers, appointed Deborah Bolton as the company’s new CEO in February this year. Deborah has been with the business for over 10 years, she was previously General Manager at multiple Addo sites before being promoted to Divisional MD and now CEO. She has a clear vision for the business to be competitive in its existing markets and deliver growth via innovation and new products. Deborah has always committed to drive corporate responsibility and employee welfare in her businesses.
Bolton said: “It’s been a year of change for our business as we continue to adapt our strategy in order to maintain our market-leading position and meet the changing demands of the sector.”