Greencore’s food-to-go strategy is working well, both at home and in the US, claims ceo Patrick Coveney, as the manufacturer posted half-year group revenue up by 7.5% to £691.6M.
Greencore’s full-year results reveal both the resilience of the convenience foods sector, after the horsemeat scandal, and the potential for earnings per share growth next year, according to City analyst Panmure Gordon.
Chilled food manufacturer Greencore has again denied claims that it had breached employment law, as members of the union Unite flew to Dublin today (August 30) to lobby ceo Patrick Coveney.
Greencore’s sale of its Minsterley desserts business to Müller Dairy will allow the chilled food manufacturer to focus on developing its relationships with key customers such as Marks & Spencer, said city analyst Shore Capital.
Greencore has made an encouraging start since its acquisition of chilled foods business Uniq, according to city analysts, after the firm posted its most comprehensive financial results since the takeover.
Own-label chilled foods firm Greencore has reported turnover up 8.7% to £804M in the year to September, after confirming that take-over talks with an unnamed suitor had now ended.
Speculation was mounting about the mystery Greencore suitor, as Food Manufacture went to press, following the firm's announcement that an approach had been made.
Greencore cfo Alan Williams has told FoodManufacture.co.uk that he can "categorically confirm the business is not for sale", following a news report that said the €850m turnover convenience foods group had held talks with private equity firms...
With its share price plummeting by almost 75% this year, Irish convenience food group Greencore disclosed a not unexpected drop in pre-tax profits of...