Belgian fruit and vegetable processor Greenyard is confident after two challenging years: the company achieved strong sales growth and is on track to fulfil its growth ambitions.
Expecting further growth
As its comparable sales grew 6.1 % to 2.64 billion euros in the first half of its broken financial year, Greenyard is on track to achieve annual sales of 5.4 billion euros by March 2026, with adjusted EBITDA between 200 and 210 million euros.
2.4 % of the growth was due to price increases, the volume increase was slightly more (+ 2.9 %), driven by the fresh segment. There was also a 0.8 % growth in sales of services and transport fees. Profits grew slower than sales, partly due to restructuring costs and higher depreciation. Last year, the company decided to close its fresh food divisions in France and the United Kingdom.
CEO Francis Kint says his company has successfully survived two challenging years (2022 and 2023) with their unprecedented inflation. Greenyard wants to further reduce overheads in certain divisions and sees opportunities for operational improvements. Greenyard remains confident in the future, in which it expects to see further growth in “pure-plant” food products.
