Greenyard has noted the publication of articles in the Belgian press, on The Fruit Farm Group, which is in the procedure for judicial reorganisation. The Fruit Farm Group is a supplier to Greenyard. The shares of The Fruit Farm Group are held by Mr. Hein Deprez, who also holds shares in Greenyard.
Subsequently, Greenyard has seen a decline in its share price of more than 10% around 9.30am CET. Greenyard would like to emphasize that The Fruit Farm Group is not part of Greenyard. It is a separate entity which is independently managed, and it is financially not related to Greenyard.
Greenyard’s positive guidance and future will not be materially impacted by these events. The company reconfirms its adjusted EBITDA outlook of € 106-110m for the full financial year 2020-
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