Continued strong delivery in Q2, upgrade to full year guidance
Greencore Group plc (‘Greencore’ or the ‘Group’), a leading manufacturer of convenience foods in the UK, today issues a trading statement for the second quarter (“Q2”) ended 28 March 2025 and an update on guidance for the full year ending 26 September 2025 (“FY25”).
- Strong revenue and volume momentum continued into Q2, supported by continued growth with customers and new business won during FY24.
- Profit conversion during Q2 was ahead of management’s expectations and underpinned by on-going operational and commercial excellence initiatives and a continued focus on cost control.
- The Group now anticipates FY25 Adjusted Operating Profit will be ahead of current market expectations and in the range of £112-£115m.
- The Group will publish results for the half year on 27 May 2025.
The foregoing statement in relation to FY25 Adjusted Operating Profit (the “Profit Forecast”) constitutes an ordinary course profit forecast for the purposes of Rule 28 of the City Code on Takeovers and Mergers (the “Takeover Code”). The additional disclosures required by the Takeover Code are set out in the Appendix to this announcement.
