Greencore increases its 2016 interim dividend by 6.25%

DividendMax Ltd.

Greencore increases its 2016 interim dividend by 6.25%


Group revenue of £691.6m, up 8.1% as reported and up 7.5% on a constant currency basis

Convenience Foods revenue of £667.9m, up 7.8% in constant currency

Group operating profit1 up 8.5% to £43.5m

Group operating margin1 of 6.3%, unchanged from the prior year

Adjusted EPS2 up 7.9% to 8.2p

Interim dividend of 2.55 pence per share, an increase of 6.25% versus H1 15


Continued strong momentum across UK and US food to go activity with like for like revenue growth of 12.7%, well ahead of market performance

Phase two of the Northampton expansion completed on time with commissioning now under way. Phase three also progressing to plan

Rhode Island site fully operational and Seattle build on track for initial production in June

Strong pipeline of future growth opportunities

Companies mentioned