Interim Results - Highlights

Greencore Group PLC
29 May 2002



GREENCORE GROUP PLC

CONTACT: MR. B.J. POWER                       TELEPHONE [phone]
                                              FAX [phone]


                              GREENCORE GROUP PLC:
                                INTERIM RESULTS
                    For the half year to 29 March 2002


                              H I G H L I G H T S


  • Turnover from continuing operations up 45% to €816m

  • Like-for-like sales growth of 5%

  • Operating profit from continuing operations up 40% to €50.3m

  • Profit before tax from continuing operations up 32% to €22.1m

  • Proceeds to date from disposal programme of €198m, exceeding target


Commenting on the results, David Dilger, Chief Executive, Greencore Group plc,
said today: ' We are happy with our progress in the first half.   We have
exceeded our announced targets on our disposal programme and we have sharply
improved the strategic direction, focus and growth profile of the Group.

While the acquisition of Hazlewood has transformed Greencore, much remains to be
done to improve and optimise performance in some of our categories.    However,
we are now capitalising on our strong combination of market leadership
positions, well invested facilities and the mix of cash generative and growth
businesses, combined with first class new product development and strong
customer relationships, in order to deliver sustained earnings performance to
our shareholders'.


B.J. POWER
DIRECTOR & SECRETARY

GREENCORE GROUP PLC,
ST. STEPHEN'S GREEN HOUSE,
EARLFORT TERRACE,
DUBLIN 2.
                                                              29th May,  2002.


                      This information is provided by RNS
            The company news service from the London Stock Exchange