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Greencore Group (GNC)     

dreamcatcher - 06 Oct 2012 08:58




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/

Free counters!


Chart.aspx?Provider=EODIntra&Code=GNC&Size=460&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0Chart.aspx?Provider=EODIntra&Code=GNC&Size=460&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR10&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

dreamcatcher - 24 Apr 2015 20:09 - 127 of 204

You sound like George Michael :-))

Cause I gotta have faith
I gotta have faith
Cause I gotta have faith, a faith, a faith
I gotta have faith, a faith, a faith

HARRYCAT - 26 Apr 2015 11:25 - 128 of 204

Ah, thank goodness. I thought you were talking about the 'got out too early' part!

Balerboy - 27 Apr 2015 20:03 - 129 of 204

LOL harry.,.

dreamcatcher - 28 Apr 2015 16:45 - 130 of 204

Greencore Group PLC (GNC:LSE) set a new 52-week high during today's trading session when it reached 354.40. Over this period, the share price is up 35.73%.

dreamcatcher - 30 Apr 2015 12:50 - 131 of 204

30 Apr Numis 329.00 Hold

dreamcatcher - 19 May 2015 17:13 - 132 of 204

Half yearly report

FINANCIAL HIGHLIGHTS

· Group revenue of £639.8m, up 3.2% (as reported) and up 3.9% on a like for like1 basis

· Convenience Foods revenue of £614.7m, up 4.9% on a like for like1 basis

· Group operating profit2 up 7.8% to £40.1m

· Group operating margin2 of 6.3%, a 30 bps increase

· Adjusted EPS3 up 8.6% to 7.6p

· Interim dividend of 2.4 pence per share, an increase of 9.1% versus H1 14

· Replacement of the Group's primary bank facility with a five year £300m Revolving Credit Facility extending the weighted average maturity of debt to 4.5 years



STRATEGIC DEVELOPMENTS

· Significant planned increase in capital investment to support customer business wins

· Phase 1 extension of Northampton facility successfully completed and second phase well underway

· Roll out of new product range from extended Jacksonville facility in the US

· New build in Rhode Island completed to plan in late March and now shipping product to key customers


dreamcatcher - 19 May 2015 17:14 - 133 of 204

19 May Goodbody N/A Buy
19 May Davy Research N/A Outperform
18 May Goodbody N/A Buy

dreamcatcher - 21 May 2015 17:15 - 134 of 204

21 May Numis 356.00 Hold
21 May Berenberg 390.00 Buy

dreamcatcher - 28 Jul 2015 19:44 - 135 of 204

Interim Management Statement
RNS
RNS Number : 2298U
Greencore Group PLC
28 July 2015

28 July 2015

Greencore Group plc - Interim Management Statement



Greencore Group plc ("the Group") today issues its interim management statement for the period to 28 July 2015. Trading information relates to the 13 weeks to 26 June 2015 ("Quarter 3" or "Q3") and the 39 weeks to 26 June 2015.



Quarter 3 Trading

The Group recorded revenue of £346.5m in the 13 weeks to 26 June 2015, an increase of 6.2% on the prior year on both a reported and a like for like basis.*



Convenience Foods

The Convenience Foods division recorded revenue of £331.9m, 6.9% higher than the prior year on a reported basis and up 6.3% on a like for like basis.



In the UK, like for like revenue was 4.0% higher than in the prior year. The food to go business continued to experience good growth led principally by the addition of new product lines in the Northampton facility. Elsewhere in the UK, revenue performance was more subdued.



In the US, like for like revenue was 22.1% higher than the prior year. This was driven principally by the roll out of new lines with our principal customers. The business remains focused on the delivery of major capacity related initiatives. The new facility in Quonset, Rhode Island, commenced production in April and the Newburyport facility was closed. Transfers from the Brockton site will commence during the current quarter to enable the site's closure later in the year.



Ingredients and Property

The Ingredients and Property division, which now represents less than 5% of Group activity, recorded revenues of £14.6m in Q3, 4.4% higher on a constant currency basis and 8.2% lower in actual currency.



Year to Date Trading

In the 39 weeks to 26 June 2015, the Group recorded revenue of £986.3m, 4.2% ahead of the prior year on a reported basis and 4.7% ahead on a like for like basis. Year to date revenue in the Convenience Foods division was £946.6m, 5.4% higher than the prior year on both a reported and a like for like basis.



Financial Position

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



Outlook

The core UK grocery retail market remains challenging with high levels of change. The combination of modest deflation in ingredients and packaging costs, together with price investment by grocery retailers, has resulted in value growth lagging behind volume in a number of our product markets. The Group remains focused on delivering exceptional standards for its customers and on the execution of complex capacity increase projects in both the UK and US. We remain confident in our ability to deliver adjusted EPS growth for the financial year within the range of market expectations.



dreamcatcher - 03 Sep 2015 11:57 - 136 of 204

3 Sep Berenberg 390.00 Buy

dreamcatcher - 02 Oct 2015 20:17 - 137 of 204

Proactive investors - Greencore Group (LON:GNC), up 5.2% at 294p. The Irish convenience foods group has been given positive write-ups by Irish stockbrokers Goodbody and Davy.

dreamcatcher - 06 Oct 2015 20:52 - 138 of 204

05/10/2015 BUY Gary Kennedy CH 350
05/10/2015 BUY Patrick Coveney CEO 11,429
05/10/2015 BUY Alan Williams FD 2,544
05/10/2015 BUY Heather McSharry NED 76

dreamcatcher - 06 Oct 2015 20:53 - 139 of 204

Final Result
24 Nov 15 Greencore Group PLC [GNC]

dreamcatcher - 11 Nov 2015 16:26 - 140 of 204

11 Nov Goodbody N/A Buy

dreamcatcher - 24 Nov 2015 17:54 - 141 of 204

Full year results

FINANCIAL HIGHLIGHTS

· Group revenue of £1,340.3m, up 5.2% (as reported) and up 5.4% on a like for like1 basis

· Convenience Foods revenue of £1,290.2m, up 6.0% on a like for like1 basis

· Group operating profit2 up 10.6% to £91.7m

· Group operating margin2 of 6.8%, a 30 bps increase

· Growth in adjusted EPS3 of 13.2% to 18.0p

· Proposed final dividend of 3.75 pence per share, giving a total dividend of 6.15 pence per share, up 12.8%

· Net debt of £265.5m with net debt : EBITDA leverage as measured under financing agreements of 2.0 times



STRATEGIC DEVELOPMENTS

· Strong momentum, focus and investment behind food to go strategy in the UK and US resulting in 10.4% like for like revenue growth, well ahead of market performance

· Phase one extension of Northampton facility successfully completed and second phase well underway. We are today announcing further investment in the Northampton campus to support customer growth

· Roll out of new product range from extended Jacksonville facility in the US

· New build in Rhode Island coming on stream and work commenced on new build in Seattle

dreamcatcher - 24 Nov 2015 17:55 - 142 of 204

24 Nov Shore Capital N/A Hold
24 Nov Peel Hunt 340.00 Add

dreamcatcher - 27 Nov 2015 16:44 - 143 of 204

27 Nov Investec 360.00 Buy
27 Nov Numis 347.00 Hold

dreamcatcher - 26 Jan 2016 16:58 - 144 of 204


Trading Statement
RNS
RNS Number : 9386M
Greencore Group PLC

26 January 2016

Greencore Group plc - Trading Statement



Continued revenue momentum driven by food to go



Greencore Group plc ("the Group") today issues a trading update covering the 13 weeks to 25 December 2015 ("Quarter 1" or "Q1").



Quarter 1 Trading

The Group recorded revenue of £356.0m in the 13 weeks to 25 December 2015, an increase of 7.2% on the prior year on a reported basis and of 6.8% in constant currency.



Convenience Foods

The Convenience Foods division recorded revenue of £345.1m, 7.7% higher than the prior year on a reported basis and up 7.0% in constant currency.



In the UK, revenue was 7.9% higher than in the prior year. While the overall UK grocery retail market remains challenging, our core chilled categories continue to perform well. Our strong growth was driven by the annualisation of prior year business wins together with the impact of new product launches. The construction of a new production facility on the Northampton campus is nearing completion with commissioning on track to commence in the spring.



In the US, reported revenue was 6.5% higher than in the prior year and 1.3% higher in constant currency. Revenue was in line with expectations following the closure of the Brockton facility in November and the related further product and customer exits. Progress continues to be made on ramping up production capability in the Quonset, Rhode Island facility and the construction in Seattle is progressing to plan.



Ingredients and Property

The Ingredients and Property division, which now represents less than 5% of Group activity, recorded revenues of £10.9m in Q1, £0.7m or 6.0% lower on a reported basis and 3.4% higher on a constant currency basis.



Outlook

The business has had a good start to the year and our major investments in capacity and capability enhancement are proceeding to plan. We remain confident in our ability to deliver performance in line with market expectations.


dreamcatcher - 26 Jan 2016 16:59 - 145 of 204

Broker Forecast - Peel Hunt issues a broker note on Greencore Group PLC
BFN
Peel Hunt today reaffirms its add investment rating on Greencore Group PLC (LON:GNC) and raised its price target to 375p (from 340p).

Story provided by StockMarketWire.com

dreamcatcher - 29 Jan 2016 15:20 - 146 of 204

Greencore Group PLC (GNC:LSE) set a new 52-week high during today's trading session when it reached 388.20. Over this period, the share price is up 25.96%.
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