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Greencore to expand after increase in profits to £91m

By Gavin McLoughlin

Food-to-go company Greencore has posted a 10.6% increase in full-year operating profit to £91.7m. The business, run by Patrick Coveney, posted a 5.2% jump in revenue, taking in £1.34bn.

Mr Coveney said the company would invest a further £12m in its Northampton manufacturing facility to drive customer growth.

"Greencore has had another strong year and our clear food-to-go led strategy has continued to drive growth in both the UK and US markets," he said.

"We delivered 6% like for like revenue growth in convenience foods, 11% group operating profit growth and our fifth consecutive year of double digit growth in adjusted EPS."

The Irish-owned company is based in England and is best-known for its pre-packed sandwiches for supermarket multiples. It delisted from the Irish Stock Exchange and joined the London Stock Exchange in 2012.

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