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Greencore Group PLC (GNC.L)

GNC.L on London Stock Exchange

155.75GBp
20 Apr 2018
Change (% chg)

1.75 (+1.14%)
Prev Close
154.00
Open
153.50
Day's High
156.40
Day's Low
151.85
Volume
3,395,805
Avg. Vol
7,199,873
52-wk High
257.10
52-wk Low
120.00

Latest Key Developments (Source: Significant Developments)

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

Greencore Group sees modest short-term impact from Brexit
Tuesday, 26 Jul 2016 02:00am EDT 

Greencore Group Plc : Recorded revenue of 360.4 mln stg in 13 weeks to 24 June 2016, an increase of 4.0 pct . Our assessment is that short-term impact on Greencore due to EU referendum is likely to be modest . If current exchange rates persist, net debt at year end will be higher than expected at half year . Q3 revenue 360.4 million stg .Year to date, group recorded revenue of 1,052.0 mln stg, 6.7 pct ahead.  Full Article

Greencore H1 op profit up 8.5 pct, UK remains difficult
Tuesday, 17 May 2016 02:00am EDT 

Greencore Group Plc : H1 adjusted eps rose 7.9 percent to 8.2 pence . H1 operating profit rose 8.5 percent to 43.5 million stg . H1 revenue rose 8.1 percent to 691.6 million stg . Interim dividend up 6.3 percent to 2.55 penceper share . UK grocery retail environment has remained difficult, our business has still traded well . We are confident of further progress in months and years ahead . UK backdrop is expected to remain uncertain given changing nature of grocery industry and other potential economic headwinds Further company coverage: [GNC.L] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

UPDATE 1-Pound pummels FTSE, results roil mid caps

* Greencore plunges after co cuts guidance (Recasts, adds quote and detail, updates prices at close)