Greenyard Foods ends final year with positive numbers

Greenyard Foods ends final year with positive numbers

Belgian frozen vegetable manufacturer Greenyard Foods has managed to finish its last year as an independent company with positive numbers. Soon, it wil merge with two companies of entrepreneur Hein Deprez, namely Univeg and Peatinvest.

Out of the red

Greenyard Foods' turnover grew 2 % in its broken fiscal year, which lasted until the end of March, to 635.4 million euro. Several cost-cutting measures and the decision to purchase all of its own production locations have helped grow the operating profit by a third to 27.5 million euro. EBITDA grew 22 % to 62.6 million euro and net profit reached 10.8 million euro, a lot better than the 3.5 million euro net loss in its previous fiscal year.

 

The Greenyard Foods, Univeg and Peatinvest merger is planned for the summer of 2015.

Questions or comments? Please feel free to contact the editors


Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

14/11/2017

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Two or three stripes on clothing are Adidas' property

13/11/2017

Swedish store chain H&M can no longer use parallel stripes on its (sports) clothing, because they resemble Adidas’ three stripes too much, according to a The Hague court.

Strong third quarter for Adidas

10/11/2017

Sports clothing manufacturer Adidas experienced a strong third quarter. Its growth was slower than in the previous quarter, but its operational profit exceeded analysts’ expectations.

Yoox Net-a-Porter grows but still failed to live up to expectations

09/11/2017

Online retailer Yoox Net-a-Porter’s third quarter like-for-like turnover grew 17.7 % to 481.8 million euro, which is not entirely what analysts had expected. Its growth slowed down in the United States and China in particular.

Back to top