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Greencore Group PLC (GNC.L)

GNC.L on London Stock Exchange

201.80GBp
22 Feb 2019
Change (% chg)

1.80 (+0.90%)
Prev Close
200.00
Open
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Volume
1,879,550
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5,261,099
52-wk High
225.30
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120.00

Latest Key Developments (Source: Significant Developments)

Greencore Group Says Q1 Revenue From Cont Ops 363.5 Mln Stg
Tuesday, 29 Jan 2019 02:00am EST 

Jan 29 (Reuters) - Greencore Group PLC ::Q1 REVENUE FROM CONTINUING OPERATIONS 363.5 MILLION STG.GREENCORE GROUP - GROUP PERFORMED WELL AGAINST FINANCIAL OBJECTIVES IN WHAT WERE CONTINUED CHALLENGING TRADING CONDITIONS.GROWTH IN Q1 WAS DRIVEN BY GROUP'S ACTIVITIES IN FOOD TO GO CATEGORIES.REAFFIRMS OUTLOOK STATEMENT FOR CONTINUING OPERATIONS IN CURRENT FINANCIAL YEAR.GREENCORE GROUP-BELIEVE RISKS FROM BREXIT MANAGEABLE IN MEDIUM-TERM, NEAR-TERM CHALLENGES ASSOCIATED WITH A 'NO WITHDRAWAL AGREEMENT' ARE UNCERTAIN.  Full Article

Greencore Believes Risks From Brexit Are Manageable In Medium-Term
Tuesday, 4 Dec 2018 02:01am EST 

Dec 4 (Reuters) - Greencore Group PLC ::FY REVENUE FROM CONTINUING OPERATIONS ROSE 4.2 PERCENT TO 1.499 BILLION STG.PRO FORMA FULL YEAR REVENUE GROWTH OF 8.7% IN CONTINUING OPERATIONS.FY ADJUSTED OPERATING PROFIT GROWTH OF 1.7% IN CONTINUING OPERATIONS.FY GROUP REVENUE 1,498.5 MILLION STG VERSUS 1,438.4 MILLION STG.ARE CONFIDENT IN FUTURE GROWTH PROSPECTS FOR GREENCORE.GROUP BELIEVES RISKS FROM BREXIT ARE MANAGEABLE IN MEDIUM-TERM.NEAR-TERM CHALLENGES ASSOCIATED WITH A 'NO WITHDRAWAL AGREEMENT' WITH BREXIT ARE UNCERTAIN.GROUP HAS BEEN ENGAGED IN BREXIT PLANNING SINCE RESULT OF REFERENDUM WAS FIRST ANNOUNCED.A MULTI-FUNCTIONAL TEAM MEETS ON AN ONGOING BASIS TO ASSESS BREXIT-RELATED RISKS.  Full Article

Polaris Capital Management Raises Stake To 9.45 Pct From 8.07 Pct In Greencore Group PLC - Filing
Monday, 22 Oct 2018 04:01am EDT 

Oct 22 (Reuters) - Greencore Group PLC ::POLARIS CAPITAL MANAGEMENT RAISES STAKE TO 9.45 PERCENT FROM 8.07 PERCENT IN GREENCORE GROUP PLC - FILING.  Full Article

Greencore reiterates guidance for full-year EPS
Tuesday, 22 May 2018 02:02am EDT 

May 22 (Reuters) - Greencore Group PLC ::INTERIM DIVIDEND UP 4.8 PERCENT TO 2.2 PENCEPER SHARE.STRONG UNDERLYING REVENUE GROWTH IN BOTH UK AND US.PROFIT GROWTH IMPACTED IN PARTICULAR BY PREVIOUSLY ANNOUNCED CHALLENGES IN ORIGINAL PART OF US BUSINESS.FY18 EPS GUIDANCE REITERATED.H1 ADJUSTED EBITDA 86.5 MILLION STG, UP 9.4 PERCENT.WE BELIEVE THAT OUR US BUSINESS IS NOW MUCH BETTER POSITIONED TO DELIVER AN IMPROVED PERFORMANCE IN SECOND HALF OF YEAR AND BEYOND.WE ANTICIPATE STRONG ORGANIC GROWTH FOR REMAINDER OF FY18"..  Full Article

Greencore Says For FY18 Anticipates Adjusted EPS In Range Of 14.7-15.7 Pence
Tuesday, 13 Mar 2018 03:01am EDT 

March 13 (Reuters) - Greencore Group Plc ::FOR FY18 GROUP NOW ANTICIPATES ADJUSTED EPS IN RANGE OF 14.7 PENCE-15.7 PENCE.ALSO ANTICIPATES THAT WILL CONTINUE TO PROGRESS TOWARDS ITS BENCHMARK LEVERAGE RATIO OF ABOUT 2X NET DEBT TO EBITDA BY END OF FY.IN FY17 RESULTS AND FY18 Q1 TRADING UPDATE, GROUP NOTED CONTINUED LOW CAPACITY UTILISATION AT SOME OF ORIGINAL GREENCORE US SITES.GROUP IS NOW RESTRUCTURING ITS US NETWORK TO REFLECT COMMERCIAL PIPELINE AND TO ADDRESS THESE UTILISATION CHALLENGES.  Full Article

Greencore says FY17 performance to be in range of current market expectations
Thursday, 27 Jul 2017 03:05am EDT 

July 27 (Reuters) - GREENCORE GROUP PLC :Q3 REVENUE 636.5 MILLION STG.GROUP RECORDED REVENUE OF £636.5M IN 13 WEEKS TO 30 JUNE 2017, AN INCREASE OF 76.6% ON PRIOR YEAR.YEAR TO DATE, GROUP RECORDED REVENUE OF £1,646.8M, 56.5% AHEAD OF PRIOR YEAR ON A REPORTED BASIS AND 8.8% AHEAD ON A PRO FORMA BASIS..ANTICIPATES THAT FY17 PERFORMANCE WILL BE IN RANGE OF CURRENT MARKET EXPECTATIONS.  Full Article

Greencore expects FY results in line with market expectations
Tuesday, 23 May 2017 02:00am EDT 

May 23 (Reuters) - Greencore Group Plc :H1 revenue up 46.1 percent to 1.01 billion pounds, operating profit up 27.1 percent to 55.3 million pounds.Convenience foods UK & Ireland revenue up 10.6 percent on a pro forma basis, US up 2.5 percent pro forma.Operating margin of 5.5 percent, down 80 bps as anticipated, due largely to impact of major UK commercial launches.In UK successfully offset impact of 2 percent inflation in raw materials and packaging, 4 percent labour inflation.Expects inflation in costs in the UK for rest of 2017, impacts are fully mitigated.Remains confident in ability to deliver performance in line with market expectations for FY17.Volume growth remains strong in both the UK and the US, H2 will benefit from commercial activity delivered in H1.Pipeline of commercial opportunities continues to be encouraging.  Full Article

Sandwich maker Greencore abandons U.S. ambitions with $1 billion disposal

DUBLIN British sandwich maker Greencore Group has agreed to sell its entire U.S. business for a little more than $1 billion, it said on Monday, abandoning the market only two years after spending heavily in an effort to quadruple sales there.