Geest, the fresh prepared foods and produce company, has said its reported group sales for the year ended January 1, are expected to show a drop of 2% due to accounting method changes.

The company reported lower-than-expected sales growth in the second half, due to generally poor Autumn retail conditions, but it said like-for-like sales are expected to show a growth of 5%. Sales from its UK fresh prepared foods business are likely have grown by around 4%.

In a statement today released ahead of its preliminary results announcement on 17 March, the company said: “We remain confident of the opportunity for further growth for Geest, supported by its leading market positions, its new and developing revenue streams, and well-invested and modern production base.”