:. Food Industry News

Categories: Corporate Results

Greencore on Track Despite Weak Pound, UK Consumer

Source: Reuters
19/08/2008

Dublin, Aug 19 - Irish food group Greencore Plc said on Tuesday that revenue at its core convenience foods division fell 7.5 percent in the four months to July 31 due to the strength of the euro against the British pound.

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Excluding acquisitions and stripping out the impact of foreign exchange swings, sales rose 7.2 percent on a constant currency basis despite what the group described as a "notable deterioration in consumer sentiment in the UK since June".

Overall Greencore said it was on track to deliver full year earnings per share within the the range currently expected by analysts of between 22.8 and 25.0 cents.



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