GA turnover rises to £122m but profits drop

In its annual report from January 28, 2018, to January 26, 2019, the company said this drop is due to ‘an increase in employee base in the period and an increase in the cost of manufacturing the product for sale’.

Raw material prices have increased considerably, said GA, with venison, lamb and salmon seeing double-digit percentage increases, driven partly by demand from the US for venison. 

Exports of its super premium products are a key market for GA and is a ‘significant contributor to overall operating profit’, with Asia Pacific, Japan and Russia being particularly successful. Asia Pacific is expanding at 38% and represents 90% of GA’s non- European Economic Community trade. 

GA is continuing its investments into Poland, Germany, France and Italy, and has formed a new wholly-owned subsidiary in Spain. It said: “Our knowledge of export markets has been used to match-make existing UK and EU partners with distributors and agents around the world.” 

The report said that innovation continues to drive the business forward, with ever-increasing levels of fresh meat in pet food.