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'Solid start for Greenyard with continued high sales'

Greenyard’s first quarter sales have further increased to €1,170.8m, implying an additional growth of 2.3% on a Like-for-Like basis*, and 1.9% on a reported basis, versus the same quarter last year. In Q1 last year, Greenyard already managed to realize an exceptional Like-for-Like* growth of 11.9% versus the year before. The further growth this year, which is in line with our expected growth rate, proves that Greenyard continues its growth path starting from last year’s significant step-up.

Robust volumes in the integrated customer model in the Fresh Segment
The Fresh segment grew by 1.7% on a Like-for-Like basis*, or 1.2% on a reported basis, to € 970.2m this quarter, from € 959,0m in the same quarter of last year. In Q1 of this financial year, 75% of sales resulted from the integrated customer models with its retail customers, generating a stable margin. 

Strong customer and product mix in Long Fresh Segment
The Long Fresh segment again grew by 5.4% versus the same quarter last year, from € 190.3m to € 200.6m, whereby the Food Service and Food Industry customer segment are slowly picking up, since the release of the COVID-19 induced lock-down measures (back to 24% of the customer portfolio, versus 17% for the first three months of last year). At the same time, Greenyard improves the product mix by increasing convenience and (frozen) fruit to 31% of the turnover in the first three months of the year for the Long Fresh Segment, tapping directly into consumer demand.

For more information:
Cedric Pauwels
Tel: + 32 1532 4200

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