Greencore Group plc (GNC) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.376 morning everybody and thank you for joining catherine and i for our fy25 results 00:00:05.376 -- 00:00:10.662 presentation it's great to be sharing a very set very strong set of results 00:00:10.662 -- 00:00:16.107 with you this morning our core business is in a great place with our commercial and operational 00:00:16.107 -- 00:00:21.092 excellence programs combined with our cost efficiency efforts providing the platform 00:00:21.092 -- 00:00:25.276 for us to reach a record level of profitability 00:00:25.276 -- 00:00:30.368 I'll start with some key messages, then we'll cover our financials and an operating review, 00:00:30.368 -- 00:00:34.217 and we'll close out on our acquisition of Backovil. 00:00:34.217 -- 00:00:37.244 So let's start with some key headlines on page five. 00:00:37.244 -- 00:00:38.767 Firstly, 00:00:38.767 -- 00:00:43.518 we're really proud of what we feel is an exceptional year of delivery. 00:00:43.518 -- 00:00:47.627 Catherine will share more. However, I did want to highlight the strong performance that 00:00:47.627 -- 00:00:52.879 we've had against every one of our financial medium term targets. 00:00:52.879 -- 00:00:58.832 In particular, we achieved a 15% ROIC, which is an increase of 350 00:00:58.832 -- 00:01:01.875 basis points on FY24. 00:01:02.300 -- 00:01:06.927 Secondly, we continue to deliver for our customers on two things that are incredibly 00:01:06.927 -- 00:01:11.234 important to them, service and innovation. 00:01:11.234 -- 00:01:17.223 And these are two of the key elements that give us a competitive advantage in the market. 00:01:17.223 -- 00:01:22.290 Thirdly, against the subdued backdrop, we've had strong manufactured volume growth of 00:01:22.290 -- 00:01:23.853 2.5%, 00:01:23.853 -- 00:01:2...