Greencore Group plc is a leading international manufacturer of convenience foods. We have 22 convenience foods manufacturing sites in the UK and the US; and employ in the region of 12,000 people.

The Convenience Foods Division provides a wide range of chilled, frozen and ambient foods to major retail, manufacturing and foodservice customers in the UK and Ireland, as well as many in Continental Europe, the US and beyond. We have long-standing experience in customer brand as well as providing a selection of house and licensed brands. The Division consists of six manufacturing category businesses comprising 15 sites in the UK and seven in the United States. We also operate a UK nationwide chilled van distribution fleet to service individual outlets.

The Ingredients & Related Property Division comprises Trilby Trading and associate molasses companies as well as a specialist property team that is working to maximise the value of the Group's property assets.

At Greencore, we aim to provide a distinctive approach that combines consumer understanding with customer care and a passion for providing the very best products and service.


In 2011 Greencore became a founding member of the British Irish Chamber of Commerce.
Welcome from Group CEO




http://www.greencore.ie/

There's room on the bus Bb :-))

Sharecast -

Greencore FY revenue jumps as firm continues US expansion

Tue, 25 November 2014


Food business Greencore Group revenue rose 6.4% as the company continues its expansion to drive in the US.
The firm, which supplies sandwiches to chains such as Starbucks and 7-Eleven, said revenue for the year ended 26 September was £1.27bn, while group operating profit rose 11.4% to £82.9m and adjusted earnings per share were 15.9p, a 13.6% increase year-on-year.

"This has been a year of strong strategic, operational and financial progress for Greencore," the group's chief executive Patrick Coveney said.

"The group's focus on extending our leadership in the food to go market is yielding great results, with like-for-like revenue growth in that area of the business exceeding 15%.

"We have strong market positions, a clear strategy, and are continuing to lay the foundations for future growth through a significant capacity and capability investment programme in both the UK and the US."

The London-listed company also announced it was set to develop its first plant on the West Coast of the US. The facility, located in the state of Washington, will cost £20m and is expected to increase production capacity and enable the firm service a newly-acquired contract.

Greencore said it was proposing a final dividend of 3.25p per share, giving a total dividend of 5.45p per share, up 13.5% from the previous financial year.

Greencore shares were 1.77% up to 264.80p at 08:56 on Tuesday.
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Greencore: Investec places its target price (prev.: 275p), while staying with its buy recommendation.

GNC Greencore Grp nice to have some defensives food producers in the folio, strong results today should build on gain.

Cheers for the above goldfinger.

No probs.

Greencore Group broker views

Date Broker Recommendation Price Old target price New target price Notes
25 Nov Investec Buy 275.25 278.00 - Reiterates
24 Nov Goodbody Hold 275.25 - - Reiterates
18 Nov Davy Research Outperform 275.25 - - Reiterates

Greencore: Investec ups target price from 278p to 295p and maintains its 'buy' recommendation.

Top bombing.

1 Dec Berenberg 325.00 Buy

Greencore: Numis downgrades from 'add' to 'hold' with a target price of 296p.

Greencore: Investec ups target price from 295p to 315p and maintains a 'buy' recommendation

hope your right dc.,.

Nothing to do with me. lol

Interim Management Statement
RNS
RNS Number : 1834D
Greencore Group PLC
27 January 2015

27 January 2015

Greencore Group plc - Interim Management Statement



Continued good revenue growth in Convenience Foods



Greencore Group plc ("the Group") today issues its interim management statement for the period to 27 January 2015. Trading information relates to the 13 weeks to 26 December 2014 ("Quarter 1" or "Q1").



Quarter 1 Trading

The Group recorded revenue of £331.9m in the 13 weeks to 26 December 2014, an increase of 3.6% on the prior year on a reported basis and 4.4% on a like for like basis.



Convenience Foods

The Convenience Foods division recorded revenue of £320.4m, 4.9% higher than the prior year on a reported basis and up 5.4% on a like for like basis.



In the UK, like for like revenue was 3.6% higher than in the prior year. The overall grocery market remained challenging in Q1 with negative same store volumes and price deflation. Against this backdrop, our key chilled markets performed well with continued good growth in the food to go market and a positive performance in the chilled ready meals market. During the period, the extension to the existing Northampton sandwich facility was successfully commissioned with further product transfers due to take place by the end of January.



In the US, reported revenue was 34.1% higher than in the prior year and 19.5% higher on a like for like basis. This was driven principally by the continued rollout of new products with a key customer. The construction of the new facility in Rhode Island is nearing completion, with commissioning due to commence as planned in Q2.



Ingredients and Property

The Ingredients and Property division, which now represents less than 5% of Group activity, recorded revenues of £11.5m in Q1, £3.4m (22.8%) lower than the prior year in reported currency and 16.8% lower on a constant currency basis. As expected, revenue was impacted by the reduction in the commodity price of edible oils.



Financial Position

The Group's financial position remains strong with good headroom within existing debt facilities.



Outlook

The Group remains well placed with strong positions in growing product categories. Notwithstanding the challenges of the UK grocery retail market, the business has had a good start to the year with encouraging growth against a strong comparator period last year. The integration of new business in Jacksonville and the first expansion phase in Northampton are now close to completion. We remain confident in our ability to deliver performance in line with market expectations.



Conference Call

A conference call for investors and analysts will be held at 8.30am GMT today. Dial in details are below and a replay facility will be available afterwards at www.greencore.com.

Greencore: Berenberg ups target price from 325p to 350p and keeps a 'buy' recommendation.

Hmm, looks like I got out too early.,.

Greencore Group PLC (GNC:LSE) set a new 52-week high during Wednesday's trading session when it reached 306.70. Over this period, the share price is up 21.20%

Holding(s) in Company

JPMorgan Asset Management (UK) Limited

J.P. Morgan Investment Management Inc. >4%

JPMorgan Chase Bank, National Association


http://www.moneyam.com/action/news/showArticle?id=4968709

IC - Guide to the Ftse 350 -

Food producers and household goods


Favourites - Greencore, Dairy Crest, Unilever, Reckitt Benckiser, PZ Cussons


Greencore's investments in the US should pay off this year and next following strong sales growth and a number of customer wins

Greencore Group PLC (GNC:LSE) set a new 52-week high during today's trading session when it reached 321.50. Over this period, the share price is up 32.64%.