Greenyard

Belgian fruit and vegetable producer Greenyard has seen its turnover lifted by 11.4 % in the first quarter, as the pandemic made people buy more fresh produce as well as stockpile canned and frozen foods.

Belgian fruit and vegetable producer Greenyard saw its turnover rise 6.4 % in its financial year's third quarter, as it benefited of higher prices and regained some market share.

As results in the first half of its financial year were better than expected, Belgian fruit and vegetable producer Greenyard has decided to cancel the announced sale of its "Prepared activities". Moreover, a search for fresh capital will also be halted, the company announced during the presentation of its half-year results.

REWE Group and Greenyard have extended their cooperation in the German market to a long-term, vertically integrated partnership for fresh fruit, vegetables and flowers; a dedicated operating unit shall be set up for this purpose.

Belgian fruit and vegetable producer Greenyard has suffered a heavy loss in the past financial year. As a result, the company's debt load also increased.

Belgian Greenyard, which processes fruit and vegetables, has announced a major transformation plan in order to lower its debts. The company has announced to sell its factory in Hungary, divest its Prepared division and cut up to 422 jobs, mostly in the United Kingdom and Germany.

Vegetable producer Greenyard has suffered heavy losses in the first half of the financial year: the listeria contagion in Hungary, the drought and a number of impairments are the primary causes of these poor results.