Greenyard's Full-Year Sales Hit By Volume Declines, Weather Impact
Fresh-produce firm Greenyard posted a 4.6% decline in full-year sales in its Fresh division in 2018/19, to €3.19 billion, with the retailer citing lower volumes, as well as the impact of ‘extreme summer weather’ on its production.
The group reported that volumes in the division were lower in its key markets, mainly in Germany and, to a lesser extent, Belgium, while price deflation also affected certain categories.
Adjusted EBITDA in the division was down by almost two thirds (-65.7%).
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