Findus, the frozen group which investment firm Nomad has agreed a deal to part-acquire, saw sales rise 1.3% in the third quarter.
The quarter ending June 2015 was the sixth consecutive quarter of top and bottom line growth, with EBITDA up 9.8% year-on-year.
Chief executive James Hill said: “Findus Group has continued to deliver strong performance in challenging markets”
“We are focusing on commercial basics to drive market share, underpinned by our cost reduction programme and operational excellence. This approach is what lies behind our encouraging sales and profit performance in this and previous quarters.”
Earlier this month Nomad Foods agreed the £500m purchase Findus Group’s continental European businesses in Sweden, Norway, Finland, Denmark, France, Spain and Belgium from a group of investors, including Highbridge Capital, Lion Capital and Sankaty Advisors. The deal includes the Findus, Lutosa, and La Cocinera brands in these markets.
It also reunites the Findus operations in Italy, which are owned by Iglo, to create a pan-European frozen food business.
The remaining part of the Findus Group, including Young’s Seafood in the UK, will remain under the ownership of Lion, Highbridge and other investors.