<\/p>\n
Michael Grant: solid progress<\/p>\n
Scottish jam and marmalade producer Mackays has cut its annual losses as it plans new products and distribution developments.<\/p>\n
The Arbroath-headquartered business saw pre-tax losses for the year to the end of December reduce by 40% to \u00a3656,495 from \u00a31.22 million in the previous 12 months.<\/p>\n
Turnover was broadly flat, edging up \u00a317.45 million from \u00a317.34m in the previous year. <\/p>\n
The company said its improved performance was partly a result of stronger operational efficiency across its manufacturing base.<\/p>\n
Martin Grant, managing director, said: \u201cThese results reflect another year of solid progress for the business and continued momentum behind the Mackays brand.<\/p>\n
\u201cWe have delivered growth in turnover, improved profitability significantly and continued to strengthen our position in the UK and more broadly, despite operating in what remains a challenging economic environment.<\/p>\n
\u201cConsumers are still feeling the effects of cost-of-living pressures and manufacturers continue to face sustained inflation across ingredients, packaging and logistics.\u201d<\/p>\n
Mackays said international sales remain a core part of the business. Export activity currently accounts for around 30% of turnover.<\/p>\n
The business also anticipates further opportunities ahead in retail expansion, foodservice growth and innovation, with several new product and distribution developments planned throughout 2026 and into 2027.<\/p>\n
Mr Grant added: \u201cWe are entering this next phase of growth from a position of real strength.<\/p>\n
The marmalade category is evolving, consumer appreciation for premium heritage brands is increasing, and there remains significant headroom for Mackays both in the UK and internationally.<\/p>\n
\u201cWe have invested heavily in the business, our people and our operational capability over recent years. That puts us in an excellent position to capitalise on the opportunities ahead.<\/p>\n
\u201cWe remain extremely confident in the future of the Mackays brand, the wider category and the long-term potential of this business.\u201d<\/p>\n
\t #Losses #cut #Mackays #promises #jam #tomorrow #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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