Ukraine war a significant risk for porridge-maker Flahavan’s as oat costs soar
The 230-year-old food business grew its revenues last year and turned a €2.5m profit, but warned that Russia’s war was likely to hike its costs
Flahavan’s, the Waterford-based porridge maker, has warned that Russia’s war on Ukraine now represents a significant risk to its business, with the cost of oats and paper soaring amid global inflationary pressures.
The company, Ireland’s oldest family-run food business, posted pre-tax profits of nearly €2.6 million last year despite the challenges posed by the pandemic, according to accounts filed with the Companies Registration Office.
Revenues also rose steadily at the company, which employs nearly 100 ...