Greenyard shows sustainable sales growth

Greenyard has released an update on its current sales growth. The company's sales of € 1,149.3m shows a double-digit growth of 11.4%
in the first quarter of this fiscal year versus last year. The growth is mainly driven by faster than expected organic growth in a large number of its commercial relationships, with a focus on margin improvement and profitability, as well as a positive COVID-19 impact on volume within the Fresh segment.

Volume increase in Fresh generates more than € 100m extra sales. The increase in volumes sold in the first quarter is mainly thanks to the further strengthening of a large number of Greenyard’s long-term commercial relationships, in addition to a positive COVID-19 impact on volumes in a period when out-of-home consumption of fruits and vegetables was replaced by at-home consumption. Fresh sales increased in Q1 from € 849.4m last year to € 959.0m (+ 12.9%).

There's a slight increase in Long Fresh sales despite negative COVID-19 impact on volume. The Long Fresh segment also grew steadily, despite the loss of volumes in the food service and industry customer segment due to COVID-19. Long Fresh sales increased in Q1 from €181.9m last year to €190.3m (+ 4.6%) this year.

For more information:
Dennis Duinslaeger
Greenyard NV
Tel: +32 15 32 42 49

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