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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Greencore Group plc    GNC   IE0003864109

GREENCORE GROUP PLC

(GNC)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 01/21 11:30:00 am
117.75 GBX   +0.21%
01/19GREENCORE : Q1 Trading Update 26 January 2021 - Conference Call Details
AQ
2020GREENCORE : 2021 Notice of AGM and Notice of EGM
AQ
2020Greencore Completes Molasses Trading Units' Stake Sale
MT
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Greencore : plans cash call after profit sinks on pandemic impact

11/23/2020 | 12:32pm EST

Nov 23 (Reuters) - Food group Greencore said on Monday it plans to raise cash by issuing new shares after reporting an 81% plunge in annual profit due to the COVID-19 crisis.

Publishing its results a day ahead of schedule, the Irish company said adjusted profit before tax from continuing operations for the 12 months ended Sept. 25 fell to 17.3 million pounds ($23.02 million), from 92.3 million pounds a year earlier.

Revenue fell nearly 13% to 1.27 billion pounds, with Greencore saying its results were impacted by the UK national lockdown in the second half of the fiscal year.

"Demand for our food to go categories will recover strongly as the effect of COVID-19 recedes, and were encouraged by the uplift in demand that we saw in Q4 as the UK economy slowly reopened," Greencore said.

The company said it intends to conduct a placing of new shares to raise up to 90 million pounds, with certain members of the board and the leadership team planning to subscribe for shares in the offering.

The proposed placing will enable the company to proactively manage debt levels to ensure appropriate liquidity and leverage headroom, it said. ($1 = 0.7516 pounds) (Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
All news about GREENCORE GROUP PLC
01/19GREENCORE : Q1 Trading Update 26 January 2021 - Conference Call Details
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2020GREENCORE : 2021 Notice of AGM and Notice of EGM
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2020Greencore Completes Molasses Trading Units' Stake Sale
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2020Greencore Prices $120.3 Million Share Offering
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2020GREENCORE : plans cash call after profit sinks on pandemic impact
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More news
Financials
Sales 2021 1 304 M 1 789 M 1 789 M
Net income 2021 21,6 M 29,6 M 29,6 M
Net Debt 2021 251 M 344 M 344 M
P/E ratio 2021 20,9x
Yield 2021 1,35%
Capitalization 617 M 841 M 846 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,62x
Nbr of Employees 12 200
Free-Float 98,9%
Chart GREENCORE GROUP PLC
Duration : Period :
Greencore Group plc Technical Analysis Chart | GNC | IE0003864109 | MarketScreener
Technical analysis trends GREENCORE GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 132,64 GBX
Last Close Price 117,50 GBX
Spread / Highest target 36,2%
Spread / Average Target 12,9%
Spread / Lowest Target -10,6%
EPS Revisions
Managers and Directors
NameTitle
Patrick Francis Coveney Chief Executive Officer & Executive Director
Paul Gary Kennedy Chairman
Clare Evans Chief Operating Officer
Emma Hynes Chief Financial Officer & Executive Director
Tracy Costello Chief Information Officer
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