Greencore Group

Adapting the operating model in a highly uncertain environment

  • Sectors : Foods
  • Companies : Greencore Group

Ratings and price correct at time of issue.

  • Greencore Group

    Closing Price: 151p

  • RATING 13/03/18

  • PREVIOUS RATING 20/06/13

    OUTPERFORM

DAVY VIEW

While Greencore has adapted its operating model to the current lockdown situation, the demand picture remains highly uncertain. Social distancing measures and recessionary forces will continue to weigh on footfall in the near-term. The potential structural changes to consumer purchasing patterns and working habits are more difficult to predict. Company commentary suggests the revenue rebuild is going to be elongated. Cash levers will soften the monthly burn, with working capital a key watchpoint.

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May 19 2020, 11:05 IST/BST

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