Real Good Food PLC Hardman Issues Research Report
16 Novembre 2015 - 12:58PM
RNS Non-Regulatory
TIDMRGD
Real Good Food PLC
16 November 2015
Hardman & Co issues research report on Real Good Food
Company
Gross margin up 3.6% points at interim stage: Real Good Food has
transformed its prospects through corporate action over the past
nine months. The market has yet to catch up with this. Importantly,
the mix of business is biased to higher margin and growth markets.
For example, Renshaw (72% Group operating profits) reported H1
10.8% operating margins up from 9.3% through a focus on sales mix.
We therefore see good margin expansion for FY16E and strong
prospects thereafter. Trading in the seasonally important Q3 has
seen "strong sales trends... at Haydens Bakery and Cake Decorating
Businesses."
Please click here for the full report:
http://www.hardmanandco.com/system/files/research_papers/RGF%20November%2015.pdf
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November 16, 2015 06:58 ET (11:58 GMT)
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