Analyst Research Report Snapshot

Title:

GREENCORE - BEATING CONDITIONS

Price:

$10.00

Provider:

Edison Investment Research

Date:

30 Nov 2007

Pages:

2

Type:

AcrobatPDF

Companies referenced:

GNC.L

Available for Immediate Download
Summary:

Despite beating consensus forecast, Greencore’s 2007 results left the market wonder over the sudden 16% EBIT decrease in H2 for the group’s main strategic division, convenience food. We believe management has recently taken swift action against an adverse environment of higher raw material cost by passing sufficient price increase for their new annual contracts. We therefore expect convenience to return to profit growth in 2008. In addition, the recovery in malt and a strong cash-flow should underpin double-digit progress as early as H1 2008. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 7190 1755 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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