Greencore Group

Capital Markets Day – medium- term targets striking an ambitious chord

  • Sectors : Foods
  • Companies : Greencore Group

Ratings and price correct at time of issue.

  • Greencore Group

    Closing Price: 192p

  • RATING 04/04/24

  • PREVIOUS RATING 13/03/18

    NEUTRAL

DAVY VIEW

Ahead of its Capital Markets Day today, Greencore has outlined its medium-term ambitions – targeting revenue growth of 3-5% and an adjusted operating profit margin above 7%. This is expected to drive returns >15% and cash conversion above 55%. The targets reflect confidence in the opportunity set and associated execution on strategy. The event will elaborate more on the constituent parts.

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Feb 5 2025, 08:17 GMT

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