Business

Wednesday 29 March 2017

Greencore revenue jumps to almost €900m

Patrick Coveney, Group CEO, Greencore Group
Patrick Coveney, Group CEO, Greencore Group

Independent.ie reporters

Irish food company Greencore has seen its revenue increase by 3.2pc to £638.8m (€886m) in the six months to the end of March.

This compared to group turnover of just under £620m in the same period last year. The company’s operating profit also increased, jumping by almost 8pc from £37.2m to £40.1m.

Adjusted earnings per share was up by 8.6pc to 7.6p while there was an Interim dividend of 2.4 pence per share, an increase of 9.1pc compared to the same period last year.

Commenting on the results chief executive Patrick Coveney said: “The group delivered good financial and strategic progress in the first half of the year. 

“Our strategy of deepening our leadership, capability, capacity footprint and customer partnerships in the UK and US food to go markets continues to deliver growth.

He added: “We carry good momentum into the second half and remain confident in our ability to deliver adjusted EPS growth for the year in line with market expectations.”

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