Greencore increases its 2015 full year dividend by 12.8%

DividendMax Ltd.

Greencore increases its 2015 full year dividend by 12.8%


Group revenue of £1,340.3m, up 5.2% (as reported) and up 5.4% on a like for like1 basis

Convenience Foods revenue of £1,290.2m, up 6.0% on a like for like1 basis

Group operating profit2 up 10.6% to £91.7m

Group operating margin2 of 6.8%, a 30 bps increase

Growth in adjusted EPS3 of 13.2% to 18.0p

Proposed final dividend of 3.75 pence per share, giving a total dividend of 6.15 pence per share, up 12.8%

Net debt of £265.5m with net debt : EBITDA leverage as measured under financing agreements of 2.0 times


Strong momentum, focus and investment behind food to go strategy in the UK and US resulting in 10.4% like for like revenue growth, well ahead of market performance

Phase one extension of Northampton facility successfully completed and second phase well underway. We are today announcing further investment in the Northampton campus to support customer growth

Roll out of new product range from extended Jacksonville facility in the US

New build in Rhode Island coming on stream and work commenced on new build in Seattle

Companies mentioned