Greencore Group plc (GNC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 FY26 H1 results. And we have people online as well. So we thank you for them joining us. Look, it's great to be presenting these results for the first time from our Green Corps London office, which will be familiar to many of you from previous back of war presentations. These results demonstrate that we're starting to reap the benefits of what we call internally better together. Two 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 green core 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 green core, and we're encouraged by the positive momentum. Catherine will speak more about the pro forma basis of calculation, but essentially includes six months of the old green core and 10 weeks of back of all UK since acquisition. Secondly, our customer relationships, the backbone of our business, are in a really good place. Bringing these two businesses together enables us to deliver more for our customers and gives us the opportunity to further expand the breadth and depth of these partnerships. Encouragingly, we've already had our first new business wins as a combined group and we know there will be more to follow. Thirdly, our integration program is progressing really well. We've comp...