UK processor Cranswick hosted a Capital Markets Day in London, announcing “more ambitious” financial targets after seeing “significant strategic progress”.
Presented by a selection of Cranswick’s senior leaders, its Capital Markets Day provided an update on the Group’s strategy, its successful compounding track record and how key strategic enablers will drive further growth.
It outlined upgraded medium-term targets, which it said reflected “strengthening returns from disciplined capital allocation”. The new targets included:
- Mid single digit organic revenue growth
- ~7.5% adjusted operating margin, increased from >6%
- Mid single digit adjusted EPS growth maintained
The processor also covered various topics at the event, including:
- Securing pig supply, driving competitive advantage and leveraging genetics capability
- Investing in fresh pork processing to add capacity and enhance automation
- Maximising the fresh poultry supply chain opportunity and growing poultry processing capacity
- Differentiated product portfolio and further premiumisation
- Strength and depth of customer relationships, including new long-term agreements
Outlook
Cranswick reported that robust demand for its core pork and poultry products had continued through the fourth quarter. The outlook for the current financial year ending 29th March 2025 remained in line with current market expectations.
Adam Couch, CEO of Cranswick, commented: “2025 marks Cranswick’s 50th anniversary and today’s Capital Markets Day event is a fantastic opportunity to reflect on our successful business model and strategy, which have delivered strong, compound returns for our shareholders and compelling future growth opportunities.
“We are also announcing today more ambitious medium-term financial targets, reflecting the significant strategic progress we have made since first introducing these measures.
“Our relentless focus on the strengths of the business, which include industry leading investment, a clearly defined strategy, broadening product portfolio and unrivalled management team, will continue to support the future successful development of Cranswick over the long term.”
