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Greencore Group PLC kicked off its first capital markets day in more than five years in London on Wednesday morning, and set out its medium-term growth targets. The Dublin-based convenience food maker said current trading remains in line with full-year market expectations, citing a company-compiled consensus of £1.89 million in sales, up 4.3% from £1.81 billion the year before, and £105.1 million in adjusted operating profit, up 7.5% from £97.5 million. ‘We are excited to unveil Greencore’s refined strategic direction, which will build on the positive momentum from the past two years,’ Chief Executive Officer Dalton Philips said. ‘This capital markets day is the group’s first since 2019 and during the event, we will provide details of our plan to further strengthen our core business, outline how we intend to grow and expand, including the role of [mergers & acquisitions], and detail our approach to capital allocation and delivering shareholder returns. ‘As part of this plan, we are establishing a set of ambitious medium-term financial targets. We are confident in our ability to deliver these targets and believe this plan will benefit not just our shareholders but also our colleagues, customers and other partners.’ Greencore aims to deliver a more than 15% return on invested capital in the medium-term, as well as 3% to 5% revenue growth and an adjusted operating profit rise of over 7%. Its last capital markets day was on September 26, 2019. CEO Philips added: ‘Greencore is a great business with a strong foundation, lasting partnerships with customers, great food credentials, excellence programmes that are delivering and outstanding people. There is a real opportunity to drive significant, incremental value in the coming years and we are looking forward to sharing our vision and ambition for the future.’ Shares in Greencore were down 5.1% at 182.20 pence each in London on Wednesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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