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IAWS continues to see 'robust' growth

IAWS interim statement - Nine month revenues up almost 35%
IAWS interim statement - Nine month revenues up almost 35%

Food group IAWS, which owns Cuisine de France, has said its revenue rose by 34.7% to €1.9 billion in the nine months to April 26. In a trading update, the group said that revenues - excluding acquisitions and currency movements - were 19% higher.

IAWS said its lifestyle foods business saw a continuation of the 'robust' rate of underlying revenue growth, with growth of 11% over the nine month period.

It said that its recently listed Origin subsidiary posted underlying revenue growth of almost 28%.

'The group is confident that it can achieve the market's adjusted earnings expectation for its financial year ended July 31 2008,' it said.

Shares in the company closed unchanged at €15.75 in Dublin.