Convenience foods manufacturer tastes post-pandemic recovery with strong fourth quarter
A manufacturer of convenience foods in the UK has reported a strong fourth quarter thanks to increased demand.
Greencore Group has reported a 27 per cent increase in revenue in its results for the financial year ending September 24 2021.
The Irish firm, which supplies food products across the UK, has said it expects growth to continue following the quarter.
Patrick Coveney, chief executive officer, commented: “We are pleased with the further improvement in our business in the fourth quarter, in particular the increase in demand across the business and our strong underlying cash generation.
“I am also excited by the progress we have made in the past quarter on our sustainability journey including the launch of the first fully recyclable, plastic free sandwich skillet.
He added: “None of our progress would have been possible without the energy and dedication of our teams and colleagues who, as throughout the COVID pandemic, continue to do a fantastic job.
“Greencore has a strong position in the dynamic UK convenience food market and, looking forward, we remain confident in our medium-term prospects.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan