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Greencore Sees H1 Group Revenue Growth Of 8%

Convenience foods group Greencore has reported an increase of 8.1% in group revenue to £691.6 million (approximately €883 million) in the first half of its financial year.

The Dublin-headquartered group’s operating profit also rose by 8.5% year-on-year in the same period, while its operating margin of 6.3% remained unchanged.

Revenue for its Convenience Foods division, which accounts for the majority of its business, rose 8.7% to £667.9 million.

Greencore said that 'continued strong momentum' across its UK and US food-to-go operations resulted in 'like for like revenue growth of 12.7%, well ahead of market performance'.

Greencore chief executive Patrick Coveney commented, "Greencore has performed strongly in the first half of the year.

"Our strategy of focusing on the UK and US food to go markets is working well and we are continuing to invest in capacity and capability initiatives to support the substantial future growth pipeline. We are confident of further progress in the months and years ahead."

© 2016 - Checkout Magazine by Jenny Whelan.

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