Belgian food and vegetable processor Greenyard achieved double-digit revenue growth in the first half of the year as both sales volumes and average selling prices increased.
Return to volume growth
Greenyard was able to report a “significant” growth in sales (11.2 % on a like-for-like basis) in the first half of its financial year. Prices grew by 9.5 %, while volumes increase by 1.7 % – especially in the fresh category. This is good news for Greenyard, as volume growth was almost zero before the summer.
The company’s adjusted EBITDA rose by 12.3 % thanks to those price increases, while the margin climbed 13 basis points to 3.6 %. Net profit remained stable at 7.0 million euros, hampered by higher interest and depreciations.
For the full financial year, Greenyard is now counting on 4.9 billion euros in sales. By March 2026, that figure should have gone up to 5.4 billion euros, while adjusted EBITDA should have risen to 200 to 210 million euros, in line with previous forecasts.