Greencore’s (GNC LN, BUY, T/P 310p) trading statement last Thursday 27th July reported strong UK Food to Go growth and updated on progress in the USA. The company announced revenue increased 11.8% on a pro forma basis. In this Quick Sharpener we update our forecasts – refer to exhibit 1. Revenue is maintained but diluted adjusted EBIT is reduced in both FY2017 and FY2018.
01 Aug 2017
Keeping the Top Line Flavour
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Keeping the Top Line Flavour
Greencore Group Plc (GNC:LON) | 129 -2.3 (-1.4%) | Mkt Cap: 605.2m
- Published:
01 Aug 2017 -
Author:
Chris Wickham -
Pages:
4
Greencore’s (GNC LN, BUY, T/P 310p) trading statement last Thursday 27th July reported strong UK Food to Go growth and updated on progress in the USA. The company announced revenue increased 11.8% on a pro forma basis. In this Quick Sharpener we update our forecasts – refer to exhibit 1. Revenue is maintained but diluted adjusted EBIT is reduced in both FY2017 and FY2018.