LONDON (ShareCast) - Aga Rangemaster, formerly Aga Foodservice, expects underlying trading results for the first half to be broadly in line with those for 2007, as restated for the Foodservice disposal.

Revenues have grown in the first half, supported by the strong marketing programme, while the balance sheet remains strong.

Rangemaster has continued to grow market share in a difficult cooker market, with sales up 5% over the same period last year.

The group said it is taking action to rationalise its operations in Ireland, where the market has deteriorated materially.

“With efficient manufacturing and well established distribution structures, the potential for the group remains strong although we are mindful of the current economic climate we are facing,” said chief executive William McGrath.

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