London · Delayed Price · Currency is GBP · Price in GBX Greencore Group Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 FY 2026 results with 15% pro forma profit growth and 3.2% revenue growth, driven by successful Bakkavor integration and robust performance in core categories. Synergy targets and deleveraging are on track, with protections in place against inflationary risks.
Fiscal Year 2025
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Record profitability achieved with 7.7% revenue growth and 28.9% rise in adjusted operating profit, driven by innovation, operational excellence, and strong cash flow. Bakkavor acquisition is on track, with further margin expansion and strategic investment planned for FY2026.
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H1 saw strong revenue and profit growth, with upgraded FY 2025 guidance and reduced leverage. The proposed Bakkavor acquisition aims to create a leading UK convenience food group, targeting GBP 80 million in synergies and rapid deleveraging post-deal.
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Management outlined a clear strategy to drive growth and profitability through operational excellence, disciplined capital allocation, and expansion into new channels, categories, and geographies. Medium-term targets include a 15%+ ROIC, 3%-5% revenue growth, and a 7%+ operating margin, supported by sustainability and innovation initiatives.
Fiscal Year 2024
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Profitability exceeded expectations with adjusted operating profit up 28% and strong cash flow. Operational improvements, innovation, and cost control drove margin and ROIC gains. Confident outlook for FY 2025 despite labor cost headwinds, with further shareholder returns planned.