Bakkavor meals

Food group Bakkavor has boosted like-for-like revenue in its first quarter by 3.3% to £425.9m compared with a year ago as its focus on UK, US and Asia paid dividends.

Adjusted EBITDA registered double-digit growth in the 13 weeks to 28 March, climbing from £23.7m in the first quarter of 2014 to £27.3m.

The January acquisition of US ready meals maker B Robert’s Foods bolstered international sales, up 22% overall including the transaction. Bakkavor CEO Agust Gudmundsson said he was “excited” about the US deal, the group’s first since 2008.

Revenue in the UK rose 2% in the period to £372.2m, as volumes increased thanks to more promotional activity.