Greencore Group PLC Covid-19 Update (8641W)
2020年8月21日 - 8:46PM
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RNS Number : 8641W
Greencore Group PLC
21 August 2020
21 August 2020
Greencore Group plc
COVID-19 UPDATE
Greencore Group plc ("Greencore" or the "Group") a leading
manufacturer of convenience foods in the UK, confirms that, in
consultation with the Department of Health & Social Care,
Public Health England ("PHE") and other government bodies, it has
taken the decision to temporarily cease production at its
Northampton facility from the end of today as a result of the
ongoing COVID-19 outbreak in the Northampton area and at the site.
This decision will allow all remaining colleagues at the site to
self-isolate as a precautionary measure, and has been taken as part
of the region's ongoing efforts to reduce the spread of the virus
and to keep colleagues safe.
The Group has moved a proportion of the production from
Northampton to other sites within the Greencore network, and is
working with the affected customer to help mitigate any production
shortfall.
Greencore has been in constant contact with PHE East Midlands,
Northamptonshire County Council, Northampton Borough Council and
other government bodies, who have been hugely understanding and
supportive of the Group's response. The Group will continue to work
closely with them in order to bring the site back safely into
production as soon as possible, as colleagues who are
self-isolating begin to return.
The Group estimates that the temporary closure will only have a
modest impact on Adjusted EBITDA in FY20, and currently anticipates
that the site will return to a substantial level of production
within 14 days.
The health and wellbeing of Greencore's colleagues remains the
Group's number one priority.
For further information, please contact:
Patrick Coveney Chief Executive Officer Tel: +353 (0) 1 486
3313
Emma Hynes Chief Financial Officer Tel: +353 (0) 1 486
3307
Jack Gorman Head of Investor Relations Tel: +353 (0) 1 486
3308
About Greencore
Greencore is a leading manufacturer of convenience food in the
UK. It supplies grocery and other retailers including all of the
major UK supermarkets. The Group has strong market positions in a
range of categories including sandwiches, salads, sushi, chilled
snacking, chilled ready meals, chilled soups and sauces, chilled
quiche, ambient sauces and pickles, and frozen Yorkshire
Puddings.
The Group's medium term financial ambitions are for mid
single-digit organic revenue growth, high single-digit Adjusted EPS
growth, the conversion of half of its Adjusted EBITDA to Free Cash
Flow and for mid-teen ROIC.
For further information go to www.greencore.com or follow
Greencore on social media.
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END
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August 21, 2020 07:46 ET (11:46 GMT)
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