Crisp performance: CEO thanks staff as Tayto Group crunches the numbers and sees profits nearly double to £15.3million
Tayto Group’s sales for the year grow from £250.3 million in 2023 to £271.2 million in 2024, while profits nearly doubled to £15.3 million, up from £8.8 million the previous year.
Tayto Group, Northern Ireland's iconic crisp brand, is on a crisp roll after posting a healthy £15.3million in profits!
With turnover reaching £271.2million, it’s clear that the company’s snack game is dominating the market.
The figures, revealed today (Friday) for the year ending June 29, 2024, show an increase in both turnover and profitability, highlighting the company’s ongoing strong performance.
Based in Craigavon, Tayto produces over five million packs of crisps daily and has seasoned success thanks to its focus on cost efficiencies and strong commercial partnerships.
As the largest UK-owned crisp and snack manufacturer, Tayto makes snacks for major UK retailers, alongside selling its own popular brands, including Tayto, Golden Wonder, REAL, Mr Porky, and Midland Snacks. These are produced in its facilities across Tandragee in Co Armagh, Corby in Northamptonshire, Scunthorpe in Lincolnshire, and two other factories in England.
The company’s sales for the year grew from £250.3 million in 2023 to £271.2 million in 2024, while reported profits nearly doubled to £15.3 million, up from £8.8million the previous year.
Tayto Group attributed the positive results to a focus on cost and operational efficiencies, as well as active engagement with commercial partners to improve margins and deliver high-quality, innovative products. The company also committed to further investments in technology, plant, and processes to build on its operational improvements and customer service achievements.
The company also committed to further investments in technology, plant and processes to help build on the improvements to operations and customer service achieved in the last financial year.
Delighted, Group CEO Fergal McCann, said: “The directors are pleased with the performance of the business in a highly competitive market sector.
"We worked with our customers during the year to maximise operating efficiencies while continuing to deliver high quality products to them. I would also like to thank our staff for the important role they have all played in this encouraging result.”