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Investing.com -- Cranswick Plc (LON:CWK) posted strong results for the fiscal year 2025, posting a 6% growth in like-for-like revenue, sending its shares up by over 2% on Tuesday.
The food company’s performance was particularly robust in its poultry division, which saw a remarkable 20.3% increase, driven by enhanced production capacity.
Cranswick’s adjusted profit before tax (PBT) for FY25 reached £198 million, surpassing the company’s own guidance range of £189-£195 million and exceeding the Visible Alpha consensus estimate by 3%.
When adjusted for calendar variations, the underlying like-for-like revenue growth was 6.4%, with a solid 7.7% increase in volume.
The fresh pork sector also made a strong contribution, with export revenue growing by 10.2%, driven primarily by volume.
The company’s group operating margin for the year stood at 7.6%, slightly above its mid-term guidance of 7.5%.
Capital expenditure for the period reached £138 million, well above the Visible Alpha consensus forecast of £112 million.
In May 2025, Cranswick completed the £32 million acquisition of Blakemans, a sausage manufacturer that caters to the food service industry.
Additionally, the company reported having nearly 1 million pigs on the ground at any given time, a 19% increase year-over-year.
In its outlook for fiscal year 2026, RBC Capital Markets noted that early results are in line with expectations.
For FY26, Visible Alpha consensus forecasts group revenue growth of 5.2%, in line with the company’s mid-term guidance for organic growth of mid-single digits.
The consensus forecast for FY26’s EBIT margin is 7.4%, slightly below the mid-term target of 7.5%.