Greencore ‘on course for targets’

GROUP sales of €442 million were achieved by Greencore for the six months to March 25, an increase of 4.4% on a constant currency basis.

Operating profit fell 2.2% to €27m in the same period and despite tough trading conditions the group’s adjusted earnings per share were up 35.4% to 6.8c.

Greencore said it expects to achieve the full-year targets previously set despite the setbacks caused by the severe weather conditions in December/January.