Greencore shares plummet as sandwich maker flags huge fall in sales

UK-focused Irish company said it expects to report a 14% drop in annual revenues

Greencore CEO Patrick Coveney: The group is 'realistic but also confident' in its plans for 2021.

Greencore shares plummeted by close to 10%, before showing a slight recovery, after the convenience food giant said revenues for its recently completed financial year were significantly down on the previous 12 months.

The largely UK-focused Irish sandwiches, salads, and wraps maker — which makes ‘on-the-go’ food products for the likes of Marks and Spencer, Tesco, and Sainsbury’s — said it expects to report a 14% drop in annual revenues when it publishes financial results for the year to the end of September next month.