Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Private Label

Greencore Sees Full-Year Revenue Down Due To Business Disposals

By Steve Wynne-Jones
Share this article

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

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.
Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days