Poultry firm enjoys 10% revenue hike
Poultry producer Moy Park reported strong sales for 2013 with a 10% increase in revenue to £1.2bn.
The Northern Ireland-based company also reported that profit before tax increased to £33.8m. Janet McCollum, chief executive, said: “We achieved strong growth across both retail and foodservice channels in the UK, Ireland and Continental Europe. We were also very pleased that our own Moy Park brand gained further market penetration in Ireland. Moy Park is now Ireland’s leading poultry brand and is purchased by over 50% of households.”
McCollum also highlighted increased consumption of local poultry as a reason for the firm’s success: “The demand for locally sourced poultry from the major supermarkets in the UK and Ireland has increased. This, together with underlying market growth reflecting the popularity of poultry meat among consumers, has enabled Moy Park to increase fresh poultry and convenience foods sales through successfully growing with both existing and new customers.”
The company has also topped the Belfast Telegraph’s top 100 companies list. Moy Park is a significant employer with over 11,500 people working across 16 production sites in the UK, Ireland, the Netherlands and France.
Looking ahead, McCollum said: “Moy Park is well positioned for continued growth. In 2014 and in subsequent years our plans are to continue to grow the business through investment in industry-leading farming and operational facilities.”
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