Greencore earnings are on target

Greencore has reported a near 7% year-on-year increase in third-quarter revenues, adding that it remains on track to meet full-year earnings targets.

The Dublin-headquartered food group — which has its shares listed in London — yesterday said that revenues for the three months to the end of June amounted to £326.4m (€412m); 6.7% ahead of the corresponding period last year, on a reported basis and 7.5% ahead when measured on a like-for-like footing.

In its main geographical market of the UK, Greencore saw like-for-like revenue growth of over 10% in the third quarter.