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Jun 30 2020, 14:00 IST/BST
Whilst operating in a challenging environment, Cranswick is well positioned to grow profits in FY 2021 – a claim few can make. Growth levers include the recent poultry capacity expansion, continued momentum in exports and robust domestic retail trading. We increase our FY 2021 revenue and operating profit by 3.1% and 4.8% respectively, noting risk lies to the upside. Key watchpoints remain — biosecurity risks arising from COVID-19 and African Swine Fever (ASF) – which could impact on international trade and exports.