Prepared fruit and vegetable producer Greenyard has reported a 6.4% increase in sales in the third quarter of its financial year, to €983.7 million.
The Belgium-based company said that sales in its Fresh division, which includes fresh fruit and vegetables as well as flowers and plants, were up 5.7% compared to the same period last year, at €771.8 million.
It said that it regained volume growth in the period, following the termination of loss-making volumes in the first half.
In its Long Fresh division, which includes prepared fruit and vegetable products, sales were up 8.9% to €211.9 million during the quarter.
Nine-Month Performance
In terms of the first nine months of the year, cumulative sales were up 1.7% at the business, to €2.95 billion, incorporating a 0.7% increase from merger and acquisition activity, and a 0.2% increase from foreign exchange rates.
The nine-month performance was largely driven by the Long Fresh division, which saw year-on-year growth of 7.9%, compared to 0.3% for the Fresh division.
Greenyard will announce its annual results on 16 June.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
