Get the app today! Download iPhone App Download Android App

Greencore Sees Full-Year Revenue Down Due To Business Disposals

Published on Nov 26 2019 8:59 AM in Private Label tagged: Featured Post / Greencore / Convenience Foods / food to go / Paywall

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.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email