Moy Park posts ‘solid’ revenue growth

By Oscar Rousseau contact

- Last updated on GMT

Moy Park reported a total revenue increase of 1.2% for the second quarter of the year
Moy Park reported a total revenue increase of 1.2% for the second quarter of the year

Related tags: Moy park, Europe, Poultry

European poultry processor Moy Park has seen a rise in revenue across mainland Europe, according to second-quarter trading figures up to 2 July.

The business enjoyed a steady second quarter of growth and posted a 3.1% rise in revenue for its European meat lines, rising to €113.1m (£97.8m). This, Moy Park said, has been driven by a good mix of product sales where volume was in line with company estimations through the second quarter.

Janet McCollum, chief executive of Moy Park, hailed the results as “positive​”, adding that the progress was “built on a platform of strong customer relationships, innovation, improved efficiency and cost control​”. McCollum also referenced Moy Park’s win​ at the Meat & Poultry Processing Awards 2016, organised by our sister site Meat Trades Journal.

Moy Park declined to comment further on the rise in European reveneues. 

Steady surge

Moy Park​ claims to be one of the Continent’s leading agri-food businesses with operations across Ireland, the UK, France, and the Netherlands.

Total revenue for the second quarter of 2016 came to €421.8m (£364.7m), up by 1.2% when compared with the second quarter of 2015.

For a full breakdown of Moy Park’s financial results, visit Meat Trades Journal.

Related topics: Meat

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