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Greencore Group PLC (GNC.L)

GNC.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Greencore Group gets U.S. antitrust nod on Peacock Foods deal
Tuesday, 29 Nov 2016 04:13am EST 

Greencore Group : U.S. Antitrust clearance .On 28 November, company received notice from U.S. FTC that Hart-Scott-Rodino Act waiting period termination was granted on deal to buy Peacock Foods.  Full Article