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Sep 12 2024, 08:06 IST/BST
Greencore’s strong operational expertise and well-invested asset base were clearly demonstrated during our recent visit to its Northampton facility. A sharp focus on efficiency and health and safety is flattered by an advanced operational framework, unlocking potential for further automation and capacity expansion. We remain confident in the progress of its multi-horizon strategy and continue to believe that Greencore will achieve pre-COVID profitability (£106m) ahead of schedule. We reiterate our ‘Outperform’ rating and 190p price target.
Sep 12 2024, 08:06 IST/BST