West Midland-based food equipment maker Enodis has said expectations for the financial year remain unchanged.
Enodis, which employs 200 people in Halesowen, makes fryers, grills and refrigerators for fast-food restaurants such as McDonald's, Burger King, KFC and Subway.
It said yesterday structural changes in the industry continued to drive demand and it remained confident of achieving expectation despite fears of a slowdown in the US. The news lifted shares 1.75p to 145.5p.
The company, thought last year to be close to merging with rival Midlands manufacturer Aga, added like-for-like food equipment revenue growth was 14 per cent in the first quarter.
The firm, which also provides fridges for Tesco's new Fresh & Easy US convenience stores, said for the rest of the first half it would face stronger comparative results from last year.
It added that its European and Asian businesses continued to perform well, while in North America, the group had a strong first quarter and continued to show good progress with order books robust.
In a note to clients, broker Merrill Lynch said the 14 per cent sales growth was well above its eight per cent forecast, reflecting the group's solid underlying momentum and strong cash generation.