Greencore Group plc (GNCGY)
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Greencore Group plc (GNCGY) Q4 2025 Earnings Call Transcript
Greencore Group plc (OTCPK:GNCGY) Q4 2025 Earnings Call November 18, 2025 3:30 AM EST Company Participants Dalton Philips - CEO & Executive Director Catherine Gubbins - CFO & Executive Director Conference Call Participants Patrick Higgins - Goodbody Stockbrokers UC, Research Division Gary Martin - Davy, Research Division Charles Hall - Peel Hunt LLP, Research Division Andrew Wade - Jefferies LLC, Research Division Clive Black - Shore Capital Group Ltd., Research Division Karel Zoete - Kepler Cheuvreux, Research Division Presentation Dalton Philips CEO & Executive Director Good morning, everybody, and thank you for joining Catherine and I for our FY '25 results presentation.
Greencore Group shares rise as interims signal positive momentum
Greencore Group PLC (LSE:GNC) moved higher on Tuesday, after reporting strong full-year results for FY25 and confirming further progress toward its recommended acquisition of Bakkavor Group PLC (LSE:BAKK). The company said revenue rose 7.7% to £1.95 billion for the year ended 26 September 2025, with adjusted operating profit climbing 28.9% to £125.7 million.
Greencore clears key hurdle in Bakkavor deal, targets early 2026 completion
Greencore said on Friday the UK competition regulator had in principle accepted its proposed remedy to secure approval for its acquisition of convenience food rival Bakkavor , with the deal now targeted to complete in early 2026.
Greencore and Bakkavor confident merger will proceed despite CMA warning
Greencore Group PLC (LSE:GNC) and Bakkavor Group PLC (LSE:BAKK) remain confident that their planned £1.2 billion merger will complete early next year, despite the UK competition regulator warning that the deal could reduce competition in the chilled sauces market. The Competition and Markets Authority (CMA) said its initial phase one review found that the takeover could result in a “substantial lessening of competition” for supermarket own-label sauces.
Too much sauce: ready meals makers Greencore and Bakkavor's merger put on pause
The merger of Greencore Group PLC (LSE:GNC) and Bakkavor Group PLC (LSE:BAKK) is being held back due to too much sauce, according to the UK Competition and Markets Authority. Announcing the conclusion of its Phase 1 decision on the merger of the two supermarket convenience food suppliers, the competition watchdog said the merger will be referred for an in-depth Phase 2 investigation unless the companies offer an acceptable solution to its concerns.
UK competition watchdog begins initial probe into Greencore-Bakkavor deal
Britain's competition regulator on Monday launched an investigation into convenience food manufacturer Greencore's acquisition of peer Bakkavor BAKK.L, setting a deadline of October 27 for a decision.
Greencore up 11% on strong trading; Bakkavor deal on track
Greencore Group PLC (LSE:GNC) shares jumped 11% in early trading on Tuesday after the UK convenience food group reported a nearly strong rise in quarterly revenue and lifted its profit outlook. Bakkavor Group PLC (LSE:BAKK) also gained 6%, with investors encouraged by the strong sector performance and progress on Greencore's planned takeover of its business.
Greencore Makes Firm $1.6 Billion Offer for Bakkavor
Both companies agreed on the terms of the deal which would create a business with a combined revenue of around $5.30 billion with 30,500 employees.
Greencore launches £1.2bn swoop for Bakkavor to build UK-listed food giant
Greencore Group PLC (LSE:GNC) has agreed a £1.2 billion deal to buy Bakkavor in a move that would create one of the UK's largest producers of convenience food, bringing together two of the sector's biggest names. The proposed acquisition values Bakkavor shares at 200p each, offering a 32.5% premium to the closing price before talks were made public.
UK food group Greencore seals food supplier Bakkavor deal
Convenience food manufacturer Greencore said on Thursday it had agreed to the terms of a recommended acquisition of UK fresh food provider Bakkavor Group , in a deal valued at 1.2 billion pounds ($1.59 billion).
Greencore and Bakkavor combo makes sense but might not be ticket to success, say analysts
Greencore Group PLC (LSE:GNC) and Bakkavor Group PLC (LSE:BAKK) have struck a deal to merge after a "song and dance" over the price, but while the deal has merit, analysts said things may not be so simple. Under the agreed structure, sandwiches, wraps and sushi maker Greencore will gobble up its pizzas, dips and desserts making rival Bakkavor in £1.2 billion takeover deal.
Greencore to Buy U.K. Convenience Food Rival Bakkavor for $1.55 Billion
Greencore agreed on a possible cash offer to acquire Bakkavor in a sweetened deal that values its peer at around $1.55 billion.
