Real Good Food plc provided guidance for the full year ending March 31, 2016. The board now expects that within the continuing business EBITDA will remain flat year on year, as this investment, when combined with other one-off events within the various business divisions, has led to a short term impact on margins. As a result the board does not expect the final profit outcome for the financial year ended March 31, 2016 to meet current market expectations.

The board is confident however that the negative impact on margins is short-term and that the group is well positioned for future growth following its investment programme. During the year to date the group has made financial progress, completing the sale of Napier Brown for a total consideration of £44.4 million (the Disposal), which delivered an exceptional profit in the period of £9.4 million. As a result the Board expects total Group reported PBT and EPS at the year-end to be significantly improved when compared to the previous year.