Despite rising sales, Belgian vegetable processor Greenyard ended its financial year with a net loss as margins are under pressure and costs are rising in an uncertain macroeconomic environment.
Net loss
Greenyard’s sales rose 5.1 % to 5.3 billion euros in its broken financial year 2024/25, as the company managed to raise its sales volume in the fresh segment. Operating profit fell however, due to lower margins in the ‘long fresh’ segment (canned and frozen vegetables). The company also faced restructuring costs, higher depreciation, taxes and financial expenses, leading to a net loss of 2.9 million euros.
The company does not expect much improvement any time soon: taking into account the current and future highly uncertain macroeconomic conditions, Greenyard is lowering its profit forecast. However, that does not change founder Hein Deprez’s intention to delist the company by the end of this year, with the aid of American investment fund Solum Partners.
