Companies

Greencore posts healthy profits of £76m despite ‘challenging market’ conditions

The convenience food manufacturer said it delivered steady profit growth this year after exiting a number of low margin contracts and passing on cost inflation

Dalton Philips, chief executive of Greencore, said the company delivered a strong performance in the face of challenging market conditions

Greencore, the Dublin-headquartered convenience foods manufacturer, recorded healthy sales and profit growth for its 2023 financial year despite what it described as a “challenging market environment” this year.

The company said it had delivered above-market volume growth, despite exiting a number of low margin contracts, while it also mitigated and recovered the majority of its input cost inflation through operational and commercial initiatives.

Releasing results for its financial year to the end of September, Greencore ...