date:Jul 13, 2012
lf.With challenging conditions for[bakery ingredients business]AB Mauri we continue to expect EBITA to fall from 61M in 2011 to 50M in 2012.
An ABF statement pointed out:The pressure on UK household incomes has continued this year which has driven consumers to seek value from product choice, promotions and price. The market remained intensively competitive for Allied Bakeries with promotional activity reducing margins. Jordans and Ryvita however performed strongly with both brands responding w