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Greenyard Says Recovery 'Faster And Stronger' Than Expected In First Half

Published on Nov 18 2019 8:59 AM in Fresh Produce tagged: Featured Post / Belgium / Fresh / Paywall / Transformation Plan / Greenyard

Greenyard Says Recovery 'Faster And Stronger' Than Expected In First Half

Fresh produce firm Greenyard has recorded what it has described as a 'faster and stronger' recovery than expected in the first half of its financial year, boosted by the group's Transformation Plan.

The group saw net sales down 0.5% in the period, to €1.97 billion, compared to the same period last year (€1.98 billion), however adjusted EBITDA was up 15.7%, to €47.6 million.

'Clear Focus'

'Thanks to a clear focus on margin improvement and cash, Greenyard’s financial results are showing encouraging signs of recovery,' the group said in a statement. 'This recovery is the result of the optimisation of the sales portfolio, strongly influenced by the stringent execution of the Transformation Plan.'

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