Final Results - Summary

Greencore Group PLC 30 November 2000 Press Release Preliminary Announcement of Results for Greencore Group plc For the Year Ended 29th September 2000 Greencore Group plc today (Thursday 30th November 2000) announced its results for the year ended 29th September 2000. Highlights of the results included: * Sales increase of 5% to Euro 906 million (1999: Euro 862 million) * Pre tax profit before exceptional items Euro 70.6m million (1999: Euro 74.3 million) * Headline Earnings per share Euro 34c (1999: Euro 34.5c) * Final Dividend up by 5% to IR6.5p (1999: IR6.2p) * Total dividend up by 6% to IR9.95p (1999:IR9.35p) Commenting on the results, David Dilger, Chief Executive, Greencore Group plc said: 'We are pleased with the growth in our food and ingredients businesses and believe there is significant opportunity for further growth in these areas. The outlook for Malt is encouraging and we are well positioned to take advantage of the anticipated upturn in this market. Meanwhile, the Irish sugar beet processing campaign is progressing well. Our strategy is clear - to generate sustained earnings performance through optimising returns from our cash generative commodity businesses, by acquiring consumer foods businesses which we believe have the ability to exploit strong market positions, when combined with our existing operations and management expertise. We have already acquired and successfully integrated seven such businesses over the past four years and they are now contributing significantly to the Group's profitability. We have a good track record and proven operational management skills to enable us to integrate Hazlewood when acquired into Greencore and ensure that it realises its full potential,' he continued.
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