Greencore ( (GB:GNC) ) has issued an update.
Greencore Group PLC hosted a Capital Markets Day in London to present its refined strategic direction, focusing on product innovation, automation, and operational excellence. The event highlighted Greencore’s robust core business, growth opportunities through M&A, and new medium-term financial targets aimed at enhancing shareholder value. The company’s leadership emphasized its commitment to delivering these targets, which include a return on invested capital of over 15%, revenue growth of 3-5%, and maintaining strong cash conversion. This strategic shift is expected to drive significant incremental value for shareholders, customers, and partners.
More about Greencore
Greencore Group PLC is a leading manufacturer of convenience foods in the UK, supplying major supermarkets, convenience and travel retail outlets, discounters, coffee shops, and foodservice providers. The company specializes in a variety of categories such as sandwiches, salads, sushi, chilled ready meals, and sauces, boasting a robust distribution network with 16 manufacturing sites and 17 distribution centers. Headquartered in Dublin, Ireland, Greencore generated revenues of £1.8 billion in FY24 and employs approximately 13,300 people.
YTD Price Performance: 0.14%
Average Trading Volume: 1,631,608
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £823.5M
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