Companies

Greencore forecasts profits of £70m for 2023 and notes food inflation is “beginning to slow”

The Dublin-based food company said it achieved strong sales growth in the third quarter of its 2023 financial year thanks to new customer wins and steady volume growth

Dalton Philips, the chief executive of Greencore, said the focus of the company was to rebuild profitability

Greencore, the Dublin-headquartered convenience foods manufacturer, said it is on track to deliver full year operating profits of around £70 million (€81 million) after reporting a solid set of third quarter results on Tuesday.

The company, which is the largest sandwich maker in Britain and Ireland, said it generated third quarter sales of just under £500 million (€575 million), which was up more than 9 per cent year on year on an underlying basis. Greencore ...