Greencore Group PLC
5 June 2001
Press Release
Announcement of Results for Greencore Group plc
For the Half-Year Ended 30 March 2001
Greencore Group plc today (Tuesday, June 5th 2001) announced its results for
the half-year ended 30th March 2001.
Highlights of the results include:
* Sales increased from Euro420 million to Euro729 million.
* Operating profit (pre-goodwill amortisation and exceptional items)
increased from Euro35.3 million to Euro46.7 million.
* Adjusted EPS of 14.2c (2000: 15.0c).
* Interim Dividend of 4.38c (2000: 4.38c).
* Good progress made in realising benefits of Hazlewood acquisition and in
re-shaping the business.
Commenting on the results, David Dilger, Chief Executive, Greencore Group plc
said:
'We have made a lot of progress in managing the integration of Hazlewood Foods
in the short period since the acquisition. We remain on schedule to realise
the synergies, cost savings and debt reduction targets we identified before we
acquired the company.
Overall, the enlarged group has strong market positions in fast growing
sectors of the UK and continental European convenience food markets. While
much remains to be done during the next year to maximise the benefits and
opportunities available to Greencore, we are confident that excellent value
will be generated for customers and shareholders'.
- Ends -
Tuesday, June 5th 2001
For reference:
David Dilger Kevin O'Sullivan Billy Murphy/Orla Benson
Chief Executive Finance Director Drury Communications
Greencore Group plc Greencore Group plc Tel: 01 260 5000
Tel: 01 605 1002 Tel: 01 605 1003
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