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Greenyard's revenue losses levelling off

The Belgian company, Greenyard, reported revenue losses in the first half of the 2017/2018 book year. These have, however, started levelling off. This is according to the figures published over the third quarter. The group had a turnover of EUR995.6 million, which is stable when compared to the previous book year. In comparison, the revenue growth improved from -2% in the first half-year to -0.4% in the third quarter.

The Fresh and Long Fresh division realised a revenue loss. For Fresh, this was 0.7% compared to -2.2% in the first half-year. For Long Fresh, the losses remained stable when compared to the first six months. Horticulture's turnover grew by two figures. This "confirmed this segment's growth potential" said the company in a press release. The integration of the Polish company, Mykogen, made a significant contribution to the more than 40% total growth in this segment.

Since the start of the book year, revenue has been at EUR3.09 billion. This figure corresponds to a decrease in turnover of 1.5% on a comparable basis. This is an improvement with regards to the -2% reported in the first half-year.

Publication date: 2/27/2018



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