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Fresh Produce

Greenyard Posts Full-Year EBITDA Ahead Of Expectations

Prepared fruit and vegetable producer Greenyard has posted adjusted EBITDA of €95.7 million for its 2019/20 financial year.

This performance is just above the upper end of the revised guidance of between €93 million and €95 million issued on 17 April, and confirms a 'faster recovery' at the business.

'The recovering adjusted EBITDA is primarily driven by a successful transformation and a rigorous implementation of a continuous improvement process,' the group said in a statement.

Greenyard will posted more detailed information on its financial performance for the year on 16 June, it said.

In April, Greenyard said that its transformation process was continuing 'strongly', with the business implementing a streamlining process across its organisation, as well as exploring additional long-term partnerships.

© 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.

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