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Freedom Foods Group Provides Update on Trading Performance

09 Oct 2017  |  10:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FNP Update on Trading Performance

Freedom Foods Group provided an update on the Group's full year FY2018 outlook at the time of release of its FY2017 results. The Company is experiencing a start to the FY2018, with the sales revenues for the first quarter ahead of plan. On the basis of current and anticipated demand in the second half of FY2018, the Company is estimating net sales revenues to be at the higher end of the range of $340 to $360m, as compared to $262m in FY2017. The Company expects this and future year's sales increases to flow through positively to increased operating margins reflecting the ongoing benefits of the strategy and multi stage capital investment program with acceleration of profits and returns in FY2018 and beyond.

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