Swallowfield plc updated earnings guidance for the fifty two weeks ended on June 25, 2016, for the period the company expects to show growth of 10% (10.4% on a constant currency basis) to approximately £54.4 million. Revenues have been bolstered by the strong performance of innovative new products introduced during the last financial year and its developing 'owned brands' portfolio. This has also enabled it to show strong year-on-year growth in contribution margin, as well as to invest in commercial and technical resources to sustain future growth. Balance sheet continued to strengthen with improved control of working capital leading to a net debt position of £4.3 million as at June 25, 2016, which is ahead of expectations, and compares favourably to the prior year at £5.4 million. This figure is after absorbing growth related investments in capital equipment and inventory to support its owned brands.