Greenyard sales rise by 10.3 percent In Q1

by

Greenyard’s”Like-for-Like” (LfL) Sales were to EUR 1 281,3 million during the initial quarter of the fiscal year in which they have grown 10,3% over EUR 1 161,2m during the same time.

In comparison to the same period in the year before, sales remain constant (+0,2 percent). This quarter, in order in order to keep fair value throughout the entire value chain, from the consumer all the way to the grower essential price rises (+10,1%)) were accounted for with full transparency. In the context of global the production of vegetables and fruits the inflation rate is among the variables in price determination. Since these are products that come from the pure nature from nature, so the harvesting conditions, yields and the supply of fruits and vegetables will are factors in determining the right pricing. Thus, prices are adjusted to reflect the real increase in the cost of production and inputs as well as raw materials during the last time frames, as the company states in a report.

The significance of nutritious and healthy food continues to be more vital than ever. Comparatively to prior COVID-19, volume of the company’s products have grown (in Tonnes) with almost 4%. Although COVID-19 called on people to pay more attention at their food and lifestyle habits, the consumption of fruits and vegetables per person within the EU remains less than the suggested intake of 400 grams daily. With its customers Greenyard remains committed to its responsibility to be an engine for more healthy living and the intake of plant-based foods that are pure.

Fresh segment

The Fresh LfL Sales in its first quarter increased from EUR 966,1 million last year during the exact same time period, up to EUR 1 053,6 million this year. This is which is an increase of 9.1 percent. Fresh volume growth is +0,6 percent compared to the same period in the previous year. Meanwhile, the price hikes are around 8,5 percent. Greenyard’s distinctive strategy for market dynamics continues to play crucial roles in maintaining its strong market position. In the present, with the introduction of the most recent integrated customer relationship (Dohle HIT) 80 percent of the sales within the Fresh segment can be realized with this method. This distinctive method ensures stability for adjusted EBITDA and allows the business to increase its competitive position in the market, built on a transparent and open relation that is advantageous for the entire value chain of food.

Long Fresh segment

The Long Fresh LfL Net sales grew to EUR 227,6m in the quarter to compare to EUR 195,9 million last year growing by 16.2 percent. The volume is down by 2,1% during the initial quarter of the fiscal year, compared to the first quarter in the past, due to a slowdown in the production of processed food items, which will likely to recover in the coming quarters. Price increases for raw materials as well as other expenses were recouped in significant amounts (+18,3 percent).

The full year of 23/24 is in the books. Greenyard affirms its goal to achieve EUR 175m-180m of adjusted EBITDA as well as EUR 4 900 million in net sales. Greenyard will also reiterate its goal of achieving EUR 5,4 billion in sales, in Adjusted EBITDA in March 2026.

Cedric Pauwels

Greenyard

Tel. : +32 15 32 42 00

Email: cedric.pauwels@greenyard.group

www.greenyard.group

Related Agroforestry News Posts:

  1. Greenyard increases its market share despite lower vegetable and fruit consumption Greenyard has outperformed its competitors in the field of fruits and vegetables, thereby expanding the market share of Greenyard. The company’s annual report says. “Despite a general decrease in consumption (-10 percent) The volume of Greenyard decreased by just 0.8...
  2. “Since the introduction of our brand new name, sales have risen by 36%.” Global Star, a Saudi Arabian manufacturer and importer of fresh fruits and vegetables is revealing its brand new branding identity Delizia (r) In a statement released by Chief Executive Officer Stephano Iorini. In the words of Iorini, “the brand symbolizes...
  3. The growth in sales of avocados continues to sustain the an increase in half-year profits up to the tune of Kshs 171.1 Million for Kakuzi PLC Kakuzi PLC has announced a Kshs 171.1 (EUR1.1 million) half-year profit of a million pretax due to poor trading conditions due to the current worldwide macadamia shortage. The company, which has recently changed its corporate branding, has seen a greater...
  4. EU production of summer-related fruit was reduced by -6.3 percentage in 2022. The total harvest of the EU’s watermelons and muskmelons as well as nectarines, peaches and muskmelons were 8.6 million tonnes. This is an increase of 6.3 percent from the levels of 2021 (9.2 million tonnes). The decrease was due to...
  5. “If the prices for straw continue to rise at the current rate it could be near unsustainable for the production of mushrooms” One of the ramifications of the drought Spain suffers from, and which is, however, lately eased by a rain and a decrease in cereal harvest as well as green fodder. This has a direct effect across all industries that require...

Source: The Plantations International Agroforestry Group of Companies