FDBusiness.com

Food to Go Led Strategy Continues to Drive Growth at Greencore

 Breaking News
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...
  • Kepak Sweeps Up Seven Awards at Blas na hEireann Irish meat processor Kepak Group has picked up seven awards at this year’s prestigious Blas na hEireann Irish Food Awards, including a Gold award for its newly launched Centra Irish Angus Sirloin Steaks with Pink Peppercorn Butter. As one of Europe’s leading food innovators, Kepak was up against the top Irish producers in a range of distinct [...]...
  • Chr. Hansen Acquires Dairy Ingredient Supplier Through the acquisition of Austrian-based ingredient supplier Österreichische Laberzeugung Hundsbichler, Chr. Hansen will further expand its enzyme production and presence into the traditional segments of specialty cheeses. Hundsbichler products are widely recognized for high quality, and this acquisition will enable Chr. Hansen to offer cheesemakers a second-to-none product portfolio in the animal rennet space. The acquisition [...]...
  • Croxsons Pulls Out All the Stops For HMS Spirits Company Leading glass packaging company, Croxsons, recently came to the aid of start-up artisan gin distiller, the HMS Spirits Company, to fulfil an urgent packaging requirement. The distiller had found itself without a closure for its latest release, Mary Rose Gin, a small batch London Dry Gin produced to celebrate Henry VIII’s famous warship. The distiller, who [...]...
  • Mains Overtaking Bottled Water Coolers in West Europe 102,500 more water coolers were installed across West Europe in 2017, marking a 3.4% increase and taking the total to 3.1 million, according to a new report from the sector’s leading specialist consultancy Zenith Global. The number of mains water, point of use coolers rose by 6.2% to reach 46.9% of the total, up from [...]...

Food to Go Led Strategy Continues to Drive Growth at Greencore

Food to Go Led Strategy Continues to Drive Growth at Greencore
November 25
12:10 2015

Greencore, the UK and international convenience food business, has reported a 10.6% rise in operating profit to £91.7 million on group revenue ahead by 5.2% to £1.340 billion – up by 5.5% on a like for like basis – for the year ended 25 September 2015. Group operating margin improved by 30 basis points to 6.8%.

Greencore’s vision and strategy is to be a fast growing international convenience food leader. The group is focused on deepening its leadership in the food to go segment in the UK and US as this is where it sees the most favourable long‐term consumer and customer trends and where it has its strongest market positions and deepest capability. Like for like revenue growth across the UK and US food to go businesses in the 2015 financial year was 10.4%, well ahead of the level of market growth.

Patrick Coveney, chief executive of Greencore.

Patrick Coveney, chief executive of Greencore.

Greencore is continuing to invest in expanding capacity in the US. In the UK, an extension of the group’s sandwich facility in Northampton was successfully commissioned in the first half and the construction of a new production facility adjacent to the existing site is well advanced. Greencore is also planning further investment of £12 million in the Northampton campus to support customer growth.

Patrick Coveney, chief executive of Greencore, comments: “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. We delivered 6% like for like revenue growth in Convenience Foods, 11% Group operating profit growth and our fifth consecutive year of double digit growth in adjusted EPS. 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.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 18, 2018Future Food-Tech London - Marketing Partnership
  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements