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Worldwide gross sales helped outcomes stay regular on the firm behind the Mornflake cereal model throughout its newest monetary yr.
Morning Meals has reported a world turnover, excluding Europe, of £9m for the 12 months to July 31, 2021, an increase from £6.8m, newly-filed paperwork with Firms Home have confirmed.
The group’s whole turnover went from £168.1m to £165m over the interval, with its UK gross sales falling from £153.6m to £148.8m whereas its takings in the remainder of Europe dipped from £7.6m to £7m.
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Morning Meals, which might hint its roots again to 1675, additionally achieved a pre-tax revenue of £7m, in comparison with the £7.7m it posted within the prior yr.
The corporate’s merchandise are bought by the likes of Morrisons, Asda, Ocado, Cubicles, Amazon and Dwelling Bargains and is one in all Crewe’s largest employers alongside Bentley.
Its Mornflake breakfast cereal model was created throughout World Conflict II and now features a vary of merchandise together with oats, porridge, muesli and granola.
An announcement signed off by the board mentioned: “The administrators are happy with the efficiency of the group.
“The volatility of the value of grain, particularly oats, stays an ongoing and important situation.
“As in earlier years, the present interval was impacted by the devaluation of the pound towards a basket of foreign exchange.
“The moist autumn of 2019 and dry circumstances throughout 2020 resulted in a big however poor-yielding harvest.
“The group continues to diversify its earnings throughout completely different product teams and sectors together with grain milling, meals processing, vitality technology and provide, logistics and scientific companies.
“Covid-19 created vital operational challenges which had been overcome promptly and safely.
“Out expertise throughout this time leads us to be reassured that an ongoing disruption arising from Covid-19 on the group could be managed successfully.”
The corporate has remained within the fingers of the Lea household because it was based.
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