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Greencore Group plc (GNCGY) Q2 2026 Earnings Call Transcript
2026-05-27 · via All Articles on Seeking Alpha

Greencore Group plc (GNCGY) Q2 2026 Earnings Call May 27, 2026 3:30 AM EDT

Company Participants

Dalton Philips - CEO & Executive Director
Catherine Gubbins - CFO & Executive Director

Conference Call Participants

Fintan Ryan - Goodbody Stockbrokers UC, Research Division
Gary Martin - Davy, Research Division
Karl Burns - Joh. Berenberg, Gossler & Co. KG, Research Division
Matthew Webb - Investec Bank plc, Research Division
Karel Zoete - Kepler Cheuvreux, Research Division
Charles Hall - Peel Hunt LLP, Research Division
Clive Black - Shore Capital Group Ltd., Research Division

Presentation

Dalton Philips
CEO & Executive Director

Right. Good morning. So 8:30, we will kick off. And look, a huge thank you for being here this morning with Catherine and I and making your way across a hot London to be with us for our FY '26 H1 results, and we have people online as well. So we thank you for joining us. Look, it's great to be presenting these results for the first time from our Greencore London office, which will be familiar to many of you from previous Bakkavor presentations. These results demonstrate that we're starting to reap the benefits of what we call internally better together, 2 businesses that were each very strong in their own right, but now together can deliver even more following the acquisition, which completed in January.

I'll open with some key messages and an overview of our new Greencore business. Catherine will cover the financials, and I'll close out with an operating review.

So to start with, in my view, Greencore has never been in a better place. Firstly, the enlarged group has delivered strong operating profit growth of 15.3% in the half and revenue growth of 3.2%. These numbers reflect the underlying growth rates for the new enlarged Greencore, and we're encouraged by the positive momentum. Catherine will speak more about the pro forma basis