Greencore Group

Q2 trading update – guidance upgrade

  • Sectors : Foods
  • Companies : Greencore Group

Ratings and price correct at time of issue.

  • Greencore Group

    Closing Price: 169p

  • RATING 04/04/24

  • PREVIOUS RATING 13/03/18

    NEUTRAL

DAVY VIEW

Q2-25 saw continued revenue and volume momentum, supported by growth with existing customers and new wins from FY24. Profit conversion exceeded expectations, driven by operational improvements and strong cost control. The group now anticipates FY25 adjusted operating profit will be ahead of current market expectations and in the range of £112-115m (Davy: c.£107m, c.6% midpoint beat). At first look, we see upside across our forecast horizon.

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Apr 1 2025, 07:59 IST/BST

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