Greencore Group PLC Interim Management Statement (1834D)
2015年1月27日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 1834D
Greencore Group PLC
27 January 2015
27 January 2015
Greencore Group plc - Interim Management Statement
Continued good revenue growth in Convenience Foods
Greencore Group plc ("the Group") today issues its interim
management statement for the period to 27 January 2015. Trading
information relates to the 13 weeks to 26 December 2014 ("Quarter
1" or "Q1").
Quarter 1 Trading
The Group recorded revenue of GBP331.9m in the 13 weeks to 26
December 2014, an increase of 3.6% on the prior year on a reported
basis and 4.4% on a like for like basis.
Convenience Foods
The Convenience Foods division recorded revenue of GBP320.4m,
4.9% higher than the prior year on a reported basis and up 5.4% on
a like for like basis.
In the UK, like for like revenue was 3.6% higher than in the
prior year. The overall grocery market remained challenging in Q1
with negative same store volumes and price deflation. Against this
backdrop, our key chilled markets performed well with continued
good growth in the food to go market and a positive performance in
the chilled ready meals market. During the period, the extension to
the existing Northampton sandwich facility was successfully
commissioned with further product transfers due to take place by
the end of January.
In the US, reported revenue was 34.1% higher than in the prior
year and 19.5% higher on a like for like basis. This was driven
principally by the continued rollout of new products with a key
customer. The construction of the new facility in Rhode Island is
nearing completion, with commissioning due to commence as planned
in Q2.
Ingredients and Property
The Ingredients and Property division, which now represents less
than 5% of Group activity, recorded revenues of GBP11.5m in Q1,
GBP3.4m (22.8%) lower than the prior year in reported currency and
16.8% lower on a constant currency basis. As expected, revenue was
impacted by the reduction in the commodity price of edible
oils.
Financial Position
The Group's financial position remains strong with good headroom
within existing debt facilities.
Outlook
The Group remains well placed with strong positions in growing
product categories. Notwithstanding the challenges of the UK
grocery retail market, the business has had a good start to the
year with encouraging growth against a strong comparator period
last year. The integration of new business in Jacksonville and the
first expansion phase in Northampton are now close to completion.
We remain confident in our ability to deliver performance in line
with market expectations.
Conference Call
A conference call for investors and analysts will be held at
8.30am GMT today. Dial in details are below and a replay facility
will be available afterwards at www.greencore.com.
Conference Call Details:
Ireland: +353 1 246 5602
UK/International: + 44 20 3427 1906
Access code: 1393175
For further information:
Alan Williams Chief Financial Tel: + 353 1
Officer 605 1045
--------------- ---------------- --------------
Rob Greening / Powerscourt Tel: + 44 207
Lisa Kavanagh 250 1446
--------------- ---------------- --------------
NOTES TO EDITORS
1) Greencore:
-- A leading manufacturer of convenience food in the UK and the US
-- Strong market positions in the UK convenience food market
across food to go, chilled prepared meals, chilled soups and
sauces, ambient sauces & pickles, cakes & desserts and
Yorkshire Puddings
-- A fast growing food to go business in the US, serving both
the convenience and small store channel and the grocery channel
2) This announcement is based on information sourced from unaudited management accounts
3) The Group will publish its interim results announcement on
19(th) May 2015. The 2015 Financial Calendar is available on the
company's website at www.greencore.com
4) This announcement contains certain forward looking statements
with respect to the financial conditions, results of operations and
businesses of the Group. These statements involve risk and
uncertainty because they relate to events and depend upon
circumstances that will occur in the future. There are a number of
factors that could cause actual results or developments to differ
materially from those expressed or implied by these forward looking
statements. Nothing in this announcement should be construed as a
profit forecast
This information is provided by RNS
The company news service from the London Stock Exchange
END
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