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Greencore Sees Full-Year Revenue Down Due To Business Disposals

By Steve Wynne-Jones
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Greencore Sees Full-Year Revenue Down Due To Business Disposals

Convenience foods firm Greencore has posted a 3.5% decrease in sales to £1.45 billion (€1.69 billion) in full-year 2019, which the group said primarily reflected the impact of site disposals and business exits, however subdued consumer sentiment was also a factor.

Pro-forma revenue growth at the business was 2.6% for the year, while adjusted operating profit was up 0.9% to £105.5 million (€123.3 million).

The group said that its full-year performance was delivered 'against the backdrop of a subdued UK trading environment', with consumer demand 'cautious' due to the uncertainty around Brexit.

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