Greencore to expand after increase in profits to £91m
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.