Greencore Group said this morning it expects its 2007 adjusted earnings per share to exceed the current market consensus of 28.4 cents by about 5 per cent.
The forecast reflects a modest increase in its anticipated operating profits and a reduction in the tax charge.
The convenience food producer also said it is confident of delivering good growth in 2008 on strong operational performance, pricing improvements, cost management and new commercial initiatives.
The company said it expects to record an exceptional profit of €24 million on the sale of its 50 per cent stake in Odlum Group to Origin Enterprises in July.