First-quarter revenues up 4.4% for Greencore

Irish convenience foods producer, Greencore is on course to meet financial targets this year, having seen group revenues rise over 4% in the first quarter of its current financial year.

In a trading update, covering the three months to the end of December, the group said overall revenue of £331.9m (€444m) was generated in the period; marking a 3.6% rise on a reported basis and a 4.4% like-for-like increase.

In its key convenience foods division (the ingredients and property division, which only makes up around 5% of current group activity saw a near 23% drop in revenues to £11.5m), Greencore saw a 5.4% like-for-like jump in first quarter sales to £320.4m.