Aga Foodservice Group PLC said results for the first half to June 30 2006 are anticipated in line with market expectations and ahead of 2005 when operating profits were 16.9 mln stg and pretax profits were 18 mln stg.
In a trading update prior to the Sept 8 release of the results, Aga said that in the first half, European consumer operations moved forward and both Aga and Rangemaster continued to perform soundly.
It said it is getting new foodservice business from the move towards investing in new energy efficient equipment.
Progress was made in the UK in the half-year on the back of the ‘excellent’ range of high end branded cookers and driven mainly by the electric Aga and the 90cm products from Rangemaster.
Internationally, the group said the most impressive performances were achieved in the strong Irish and growing French markets. Cooker exports grew 40 pct and now account for one-third of Aga branded cookers and over 15 pct for Rangemaster.
From Finance News