Trading Update – RFG experienced a 7.4% increase in revenue due to a 14.7% inflation rate during the 21 weeks ending on February 26, 2023. Volume pressures were experienced in certain categories, leading to an overall volume decrease of 11.0%. The regional segment grew by 8.7%, and the pie category in the region made a strong comeback. In the international segment, revenue grew by 0.7%, but volumes declined. Load shedding also impacted production output, causing higher operating costs and lower availability of raw materials. RFG invested in renewables and is focusing on margin management and cost control. Results will be out on the 24 May 2023
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