Food group Greencore celebrates solid revenue increase of 3pc

26 November 2013 08:07

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Food group Greencore celebrates solid revenue increase of 3pc

Overall revenues for the year end were forecast to be down almost 2pc as a result of sluggish demand for ‘ready’ meals.

Operating profit for the company was up 8pc to £76.5m year-on-year, according to the firm.

Adjusted earnings per share almost experienced strong growth with a jump of over 13pc to 14.5 pence.

delivered across the Group. “It’s been a tough year for us in many ways,” he said.

“We didn’t get revenue growth early in the year but during the summer, we saw revenues build pretty strongly.

The impact of horsemeat scandal cost us up to about £15m in revenue. But the rest of our portfolio kicked in and performed strongly.”

“We consolidated our portfolio after the extensive deal activity of the three preceding years, increased revenue at our US business by over 60pc and realigned our resources behind a food to go led strategy.”

Source: independent.ie

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