BougheyDistribution2

NWF Group - owner of grocery distribution specialist Boughey Distribution - has reported Q1 trading has been "marginally ahead of the same period last year with net debt reflecting the normal seasonal fluctuations".

Speaking at the group's AGM, NWF chairman Philip Acton said fuels has traded ahead of the same period in 2018, with recent acquisitions performing as planned and integration progressing smoothly.

"The business is continuing to invest in systems and people," he added, "which will improve efficiencies and provide a strong platform for continued growth."

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Food has been trading in line with the group's expectations, fully utilising the Wardle facility and continuing to improve operating effectiveness as it moves into the critical autumn and Christmas trading period.

 

The board's outlook for the financial year remains in line with its expectations with a continued focus on development opportunities, both organic and through targeted acquisitions, supported by a strong balance sheet and banking facilities.

"We are also well prepared - whatever the outcome - for Brexit," Acton concluded, "as the fundamentals of our markets are unchanged and we continue to monitor and plan contingencies with customers and suppliers.

"Overall, the board continues to have confidence in the group's future prospects."

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