{"id":303248,"date":"2025-07-30T06:46:13","date_gmt":"2025-07-30T06:46:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/303248\/"},"modified":"2025-07-30T06:46:13","modified_gmt":"2025-07-30T06:46:13","slug":"baker-baker-shares-2024-group-financial-accounts-figures","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/303248\/","title":{"rendered":"Baker &#038; Baker shares 2024 group financial accounts figures"},"content":{"rendered":"<p>\n  Baker &amp; Baker, which employs more than 300 people at its site on Cutler Heights Lane, recorded group revenue of \u20ac623.5 million, a gross profit growth of 7.5 per cent to \u20ac90.1 million, and adjusted EBITDA of \u20ac32.7 million.\n<\/p>\n<p>\n  (The EBITDA performance excludes some one-off, non-underlying items incurred due to restructuring activities and divestments that, according to a spokesperson, &#8220;do not reflect the underlying profitability of the group.&#8221;)\n<\/p>\n<p>\n  The group, which employs around 1,300 people across four UK sites, saw a 3.7 per cent decline in product volumes, attributed to rising raw material costs and &#8220;other inflationary effects,&#8221; but this was said to be offset by gross profit growth &#8220;driven by a positive shift in product mix and effective measures to improve efficiency in the group\u2019s operations.&#8221;\n<\/p>\n<p>\n  The company invested approximately \u20ac14 million in productivity, growth, and sustenance projects during the year across its 12 manufacturing sites.\n<\/p>\n<p>\n  At its UK facility in Bradford, Baker &amp; Baker installed a new chocolate system, enabling the launch of three new Milka-branded products for the continental European market: Milka chocolate clusters, Milka cookies, and Milka chocolate-topped brownies.\n<\/p>\n<p>\n  A spokesperson said: &#8220;This product range has already seen strong initial growth in France during the first half of 2025.&#8221;\n<\/p>\n<p>\n  In Germany, Baker &amp; Baker relocated its office to Bremen\u2019s \u00dcberseestadt district.\n<\/p>\n<p>\n  Also in Germany, investments were made at the Delmenhorst site to improve the management and filtration of palm oil across the site\u2019s doughnut lines.\n<\/p>\n<p>\n  Elsewhere, Baker &amp; Baker introduced C\u00f4te d\u2019Or muffins and doughnuts to Benelux markets in late 2024.\n<\/p>\n<p>\n  Matthew Acheson, CEO, said: &#8220;Baker &amp; Baker remains a clear leader in the American Sweet Bakery category in Europe, and our customers trust our expertise and market insight to drive sales across the retail and food service channels.\n<\/p>\n<p>\n  &#8220;We are pleased to have delivered another year of solid financial performance across the group, despite facing a series of geopolitical headwinds and fluctuating consumer confidence.&#8221;\n<\/p>\n<p>\n  Last year, the company launched a group-wide ESG strategy to support its sustainability goals.\n<\/p>\n<p>\n  Actions included preparing for EUDR compliance, investing in a WRAP water stewardship project in the UK, and submitting net zero targets to the Science Based Targets initiative.\n<\/p>\n<p>\n  Baker &amp; Baker&#8217;s\u00a0customer base was also grown in the UAE, Saudi Arabia, and other Middle Eastern markets.<\/p>\n","protected":false},"excerpt":{"rendered":"Baker &amp; Baker, which employs more than 300 people at its site on Cutler Heights Lane, recorded group&hellip;\n","protected":false},"author":2,"featured_media":303249,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8814],"tags":[748,393,4884,1860,16,15],"class_list":{"0":"post-303248","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leeds","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-leeds","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114940843457292407","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/303248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=303248"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/303248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/303249"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=303248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=303248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=303248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}