Greenyard Sees Like-For-Like Sales Improve In Third Quarter
Belgian fresh-produce company Greenyard has posted sales of €995.6 million in the third quarter of its financial year, representing stable performance year on year.
Like-for-like sales were down by 0.4%, however, this marked an improvement from the 2% like-for-like drop recorded in the first half of the year.
Greenyard saw a slight sales decline in its fresh-produce business during the period, but its horticulture unit recorded double-digit like-for-like growth, boosted by its acquisition of mushroom group Mykogen.
In its first-half trading results, the company posted a 2.4% sales decline, claiming that adverse weather conditions hindered operations.
Greenyard previously announced that its CEO, Marleen Vaesen, left the company on 31 January, after five years in the position.
Vaesen is set to be replaced by the group’s current executive chairman, Hein Deprez, who will step down from his board role.
Last year, the group was linked to a merger with the Dole Food Company, however, Irish firm Total Produce recently acquired a 45% stake in Dole in a $300 million deal.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.