Uniq proposes poultry unit sale

Related tags Poultry sector Marketing Poultry

Uniq the European chilled convenience food group, is considering selling its UK poultry sector. The proposal has been influenced by the loss of the Burger King business, and the outbreaks of Avian flu, which has had a disproportionate impact on its poultry sector.

The proposal was discussed as part of the company's strategic review. The unit has faced some operational problems that have affected the profits at both unit level and group level as a whole.

Last year the company's poultry business made an operating profit of £5 million. However, it is predicted that this year it is to make a loss of £3 million on sales of £57 million.

The group's financial results as a whole are expected to be in line with its expectations. For example, the company's poultry sector in France has witnessed a significant increase in sales. This performance has been offset by a weaker performance and greater uncertainty in the UK than anticipated at the half year.

Uniq will make it preliminary announcement of results for the year to 31st March 2004 on 24yth May and the company has said that a further announcement about its poultry business will be made when the company deems it "appropriate to do so."

Related topics Meat