Last 47.00 GBp
Change Today -0.25 / -0.53%
Volume 6.9M
PFD On Other Exchanges
Symbol
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As of 9:12 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

premier foods plc (PFD) Snapshot

Open
47.50 GBp
Previous Close
47.25 GBp
Day High
48.00 GBp
Day Low
46.50 GBp
52 Week High
10/23/13 - 121.85 GBp
52 Week Low
07/21/14 - 45.00 GBp
Market Cap
387.1M
Average Volume 10 Days
4.4M
EPS TTM
-0.17 GBp
Shares Outstanding
823.7M
EX-Date
11/25/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIER FOODS PLC (PFD)

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premier foods plc (PFD) Details

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food and beverage products primarily in the United Kingdom and other European countries. It produces branded and non-branded products, including cakes, soups, stocks, gravies, desserts, home baking, stuffing mixes, cooking sauces, and milk creamers, as well as custard and rice pudding, pasta, rice, and noodles in the grocery sector. The company sells its products under the Ambrosia, Batchelors, Bisto, Loyd Grossman, Mr. Kipling, Oxo, and Sharwood’s brand names, as well as under the Angel Delight, Atora, Be-Ro, Bird’s, Cadbury, Coffee Compliment, Homepride, Lyons, Marvel, McDougalls, Paxo, Saxa, and Smash support brand names. The company is headquartered in St Albans, the United Kingdom.

8,000 Employees
Last Reported Date: 03/26/14

premier foods plc (PFD) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 813.5K GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 101.6K GBP
Compensation as of Fiscal Year 2013.

premier foods plc (PFD) Key Developments

Hovis to Axe 200 Jobs

Hovis has reported to the workers at its bakery in Thurmaston Boulevard, Rushey Mead, Leicester, they were planning to close the site. The company has commenced consultation with 204 potentially affected employees at the site in Leicester. The company, which has begun a 45-day consultation period with workers, is proposing to close the plant by the beginning of 2015.

Premier Foods plc Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014 and Full Year of 2014

Premier Foods plc announced unaudited consolidated earnings results for the half year ended June 30, 2014. For the period, the company reported revenue of GBP 364.7 million against GBP 393.5 million a year ago. Operating loss was GBP 10.1 million against profit of GBP 5.2 million a year ago. Loss before taxation from continuing operations was GBP 54.9 million against GBP 15.7 million a year ago. Loss after taxation from continuing operations was GBP 51.9 million or 8.8 per basic and diluted share against GBP 9.3 million or 3.9 per basic and diluted share a year ago. Loss for the period attributable to owners of the Parent was GBP 69.2 million or 11.7 per basic and diluted share against GBP 15.5 million or 6.5 per basic and diluted share a year ago. Adjusted earnings per share from continuing operations were 2.4 pence against 6.8 pence a year ago. Cash utilized by operating activities was GBP 15.6 million against GBP 8.2 million a year ago. Purchase of property, plant and equipment was GBP 19.3 million against GBP 17.2 million a year ago. Purchase of intangible assets was GBP 0.1 million against GBP 2.3 million a year ago. Net debt as at June 30, 2014 was GBP 571.9 million. EBITDA from continuing operations was GBP 56.1 million against GBP 57.2 million a year ago. Free cash flow was GBP 246.8 million against GBP 63.2 million a year ago. Adjusted profit before tax was GBP 17.8 million against GBP 21.2 million a year ago. In the second half of 2014, the company expects an improvement in sales performance reflecting new product introductions, consumer marketing investment and assumed average temperatures. The corporation tax rate for the remainder of the calendar year is expected to be 21.5%. With its strong supply chain capabilities retaining a tight control on costs, and selected investment in key strategic areas, the company's trading profit expectations for the year remain unchanged. Capital expenditure is expected to be GBP 40 million to GBP 45 million in the full year of 2014.

Premier Foods to Form Joint Venture with Specialty Powders Holding

Premier Foods Plc announced it had agreed to set up a 49/51 joint venture with Specialty Powders Holding Limited to manufacture powdered beverages and desserts. Under the terms of the deal, Specialty Powders will contribute its fully-owned unit Phoenix Foods and Agglomeration Technology to the JV, to be named Knighton Foods, and take a loan from it in order to repay its existing debt of GBP 3 million. On the other hand, Premier Foods will contribute its Knighton site and some GBP 16 million of private label and business-to-business sales of powdered beverages and desserts to the JV. It will receive a promissory note with a value equal to the principal amount of Specialty Powders's debt. Besides, Knighton Foods will get a five-year licence for the Brown & Polson brand of home-baking ingredients and a call option to buy the brand for GBP 2.75 million. The new entity will be headed by Specialty Powders's majority shareholder and managing director Mike Kirby.

 

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PFD

Industry Average

Valuation PFD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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