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Company of the Month October 2024: Greencore on track to hit pre-pandemic revenues

Greencore Food to Go

Greencore is on track to return to pre-pandemic revenues of £105 million this year. The Dublin-based group is our Company of the Month October 2024, in association with KPMG.


Headquartered in Dublin, Greencore is a leading manufacturer of convenience foods distributed across Ireland and the United Kingdom. The company directly employs over 13,600 people.

It provides frozen, condiments and to-go foods throughout the two islands. Last year, Greencore manufactured more than 779m sandwiches. The company owns 16 manufacturing sites and 17 distribution centres.  Through these, the company executes about 10,000 direct-to-store daily deliveries.

The current CEO of Greencore Dalton Phillips joined the company two years prior after serving as CEO at Morrisons between 2010 and 2015. Under his direction, the company generated revenues of £1.9 billion in Fiscal Year 2023. In October, shares in the company increased by about 9% to £1.96.

At the same time, the company’s net debts, excluding lease liabilities, have decreased to approximately £148 million. This compares with £154 million last fiscal year.

“The Greencore team delivered an outstanding performance with our FY24 results now expected to exceed current market expectations. Providing high-quality, fresh and healthy food to our customers every day is at the heart of what we do,” Philips said. “As we enter the new financial year, our focus remains on making really great food, rebuilding our profitability, and positioning Greencore to be the UK’s leading convenience foods manufacturer.”

The Business & Finance Awards

Business & Finance was launched in 1964 as Ireland’s premier business magazine. The Business & Finance Awards programme was established a decade later, in 1974, and has become Ireland’s longest-running and most coveted business awards programme. These prestigious awards celebrate the outstanding achievements of some of our most remarkable business leaders.

The Business & Finance Awards will take place on Thursday 5th December and, on the night, will honour Sir Nick Clegg, Former UK Deputy Prime Minister and President Global Affairs Meta and Champion Horse Trainer Willie Mullins. The legacy of another great Irish sporting hero and leader Tony O’Reilly will also be remembered. To book a table, please contact Brian.Kearns@businessandfinance.com

Business & Finance, Company of the Month

Business & Finance, in association with KPMG, recognises excellence in business through the ‘Company of the Month’ award. The Company of the Month award recognises the company which best demonstrates outstanding business leadership, sustainable growth, innovative strategy, strong financial returns and employee development.

 


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