Greencore Group plc
GNC.L
London Stock Exchange198.40
GBp
-5.20
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Greencore Group plc
GNC.L
(London Stock Exchange)
Recent
price
198.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Greencore Group plc is an Ireland-based leading manufacturer of convenience foods primarily operating in the United Kingdom. Founded in 1991 and headquartered in Dublin, Ireland, the company produces a comprehensive range of chilled, frozen, and ambient food products. Its core product portfolio includes sandwiches, salads, sushi, chilled snacking, chilled ready meals such as soups, sauces, and quiches, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. Greencore supplies these products to major retail customers including supermarkets, convenience and travel retail outlets, discounters, coffee shops, food service operators, and other retailers across the UK. The company operates through 16 manufacturing sites and 17 distribution centers, manufacturing approximately 764 million sandwiches and food-to-go products, 148 million chilled prepared meals, and 227 million bottles of cooking sauces, pickles, and condiments annually. It has a workforce of around 13,300 employees and generated revenues of approximately £1.95 billion in the fiscal year 2025. Recent major company developments include the announced proposed acquisition of Bakkavor Group plc in 2025, a strategically significant move expected to broaden Greencore’s product portfolio and market reach. In fiscal year 2024, Greencore launched a commercial excellence program focused on profit enhancement through volume, cost optimization, pricing, and product mix adjustments, alongside introducing 421 new products delivering nearly 60 million additional units. The company is executing a multi-year transformation program aimed at consolidating its IT infrastructure onto a single enterprise resource planning platform and improving operational efficiencies. This program marks a strategic shift towards rebuilding profitability and scalability while investing in foundational capabilities. The transformation supports its Better Future Plan, which concentrates on sustainability and adaptation to changing consumer and environmental expectations, including reducing food waste by 30% and increasing renewable energy usage within operations. Greencore’s business strategy emphasizes innovation, supply chain excellence, and sustainability as it serves retail and foodservice markets mainly in the UK, while also maintaining market presence in Ireland. The company's focus on convenience and food-to-go segments positions it strongly in the fast-evolving consumer food landscape, supported by its extensive manufacturing capacities and robust distribution network. This description reflects Greencore’s current business activities, product offerings, strategic initiatives, and recent corporate changes that define its market positioning and growth trajectory as a major player in the convenience food manufacturing industry.