Greencore reports higher full-year profits and revenues
Greencore, the Irish-based food-to-go company, has reported a 13.5% increase in pre-tax profits for the year to the end of September.
Figures published this morning show Greencore, the largest maker of pre-packaged sandwiches in Europe, had revenue of £1.34 billion, a 5.2% jump in revenue. Adjusted pre-tax profits rose to £78m from £68.7m.
Greencore said it experienced growth in the US, where it supplies a number of large coffee chains and convenience stores with its products.
“Greencore has had another strong year and our clear food to go led strategy has continued to drive growth in both the UK and US markets,” the company’s CEO Patrick Coveney said.
“We increased our investment in major capacity and capability improvement projects during the year, in each case underpinned by long term customer relationships. Our strategy, momentum and pipeline of opportunities leave us well placed to deliver further progress in FY16 and beyond,” he added.
Greencore Group plc is a leading international manufacturer of convenience foods and is today the world’s largest sandwich manufacturer.
