Avara Foods records £13.7m profit
Avara Foods has published its results to May 2019, with a turnover of £1.1bn and profit for the year of £13.7m.
In a statement released by Avara, the results come during a year when the new business, a joint venture between Cargill and Faccenda, was ‘focused on integrating effectively and setting a clear direction.’
The statement attributed the success to ‘new, long term investment (£15m) in facilities and automation which improved productivity, increased capacity and supported range and volume increases across a wider range of Added Value categories.’
CEO Andy Dawkins said: “Our first full year as Avara Foods was always going to be a period of significant change and upheaval, and the wider economic environment was a test of our resilience. Despite this, even in a tough trading period, there are strong indicators that we are on the right path. The investment in our business, the support from our customers and the improving performance trend towards the end of the period are all reasons for us to be optimistic about our future.
“We are clear that our continued success is focused on providing our customers with the fresh, high quality food at the affordable price that that the UK consumer rightly expects.”
Dawkins continued: “That is why our strategy is focused on operating more efficiently through investment in technology, people and skills to deliver continued growth for Avara in the UK market. Clearly, to support this investment strategy we need clarity in the Brexit process and now is the time to establish the priorities of a post-Brexit food landscape.
“This should include the protection of existing standards, equitable trade arrangements, an immigration system that meets the needs of UK industry and a practicable transition period.”
Avara Foods is a major poultry processor in the UK, supplying national supermarkets and chain restaurants with chicken, turkey and duck products.