Greencore Group PLC on Tuesday said it expects full-year profit will be ahead of current market expectations after strong trading in the second quarter.

In response, shares in the Dublin-based manufacturer of convenience foods rose 3.3% to 174.80 pence each in London morning.

Greencore said strong revenue and volume momentum continued into the second quarter, supported by continued growth with customers and new business won during financial 2024.

Profit conversion during the second quarter was ahead of management’s expectations and underpinned by on-going operational and commercial initiatives and a continued focus on cost control.

As a result, Greencore anticipates adjusted operating profit for the full year ending September 26 will be ahead of current market expectations and in the range of £112 million to £115 million.

RBC Capital Markets noted the prior range was £102.6 million to £107 million with a consensus average of around £105 million.

Greencore will publish results for the half year on May 27.

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