LONDON (ShareCast) - (Sharecast News) - Irish convenience food group Greencore said the near-term risks from a no-deal Brexit were "uncertain" as it reported first quarter revenue from continuing operations of £363.5m.
In a trading update, the Dublin-based firm said on a pro forma basis, excluding disposed sites and those that have ceased trading, revenue increased by 5.8% in the quarter, driven in particular by growth in food to go categories. Revenue decreased 5.7% on a reported basis.

Greencore said Brexit risks were manageable in the medium-term, adding that its strengthened balance sheet and strong underlying free cash generation left it well positioned to consider investment consistent with its strategic and returns objectives.

"Over the medium term, the group expects that its market positioning, capability set, customer profile, well invested asset network and proven economic model will generate strong growth, cash generation and returns," Greencore said.

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