The food manufacturer claimed its main direct foreign currency exposure is with respect to Euros of which it is a net purchaser of around €50m per year, however is it substantially hedged against the Euro for the remainder of FY16/17.
Gavin Darby, chief executive officer of Premier Foods, said: “While the economic environment is more uncertain following the EU referendum outcome, our immediate financial exposure is expected to be limited.
“Given our strong brands and UK manufacturing cost base, we believe we remain well placed to make progress and our expectations for the full year remain unchanged."
The Group also plans to deliver international sales growth sourced from its UK manufacturing cost base, which is expected to be supported by the recent devaluation of the Pound.
Premier reported sales growth of 1.9% in the first 13 weeks of the 2016/17 financial year, with branded sales up 0.8% and non-branded sales ahead 9.8%.
In its grocery business Bisto continued its strong momentum from the prior year into the first quarter, while Loyd Grossman sauces also performed well. Ambrosia also returned to growth in the quarter following launches of its new deluxe custard range and frozen custard ice-cream.
Whilst its sweet treats division benefited from strong Cadbury cake performances, despite Mr Kipling sales falling as a result of higher promotional activity in the prior year.