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Investing.com -- Greencore Group Plc on Wednesday delivered a strong finish to FY25, with Jefferies noting a fourth-quarter revenue increase of 8% and profit conversion ahead of expectations.
The group’s full-year operating profit is now expected at £125 million, up from the £118-121 million range set in July.
Jefferies pointed out that while Q4 growth was slightly below the third quarter’s 9.9%, it was in line with the full-year growth rate of 8%. The brokerage said the growth was supported by new business wins, product innovation, and favourable weather.
Jefferies also highlighted a 100 basis point improvement in the operating margin, taking it to 6.4%.
The analysts said this places Greencore closer to its midterm target announced at its February Capital Markets Day.
On the outlook, Jefferies noted that the BAKK combination will be a key factor for Greencore, describing their view on it as increasingly positive.
They pointed to the upcoming Competition and Markets Authority Phase 1 decision, due on 27 October, ahead of Greencore’s interim results on 18 November.