Operational highlights of the fiscal year ending on March 31, 2015:
- Consolidated sales rose by 2.0% to 635.4 million Euro
- The 2014 harvest season has been assessed as normal after an early start
- Continued increase in efficiency and international process integration in the frozen food division
- Further development in operational excellence has lead to centralization of the Polish frozen food production & packaging in Lipno, and the sale of German assets and Pinguin Aquitaine
- By acquiring the King's Lynn site (UK) the strategic plan to acquire all manufacturing sites was complete
Financial highlights of the fiscal year ending on March 31, 2015:
- Consolidated REBITDA rose by 11.1 million Euro to 62.6 million Euro due to the improvement of commercial and operational results (+5.9 million Euro) and by the loss of rent (+5.2 million Euro)
- REBITDA margin rose from 8.3% to 9.8%
- Net income rose from -3.5 million Euro to +10.8 million Euro
- This increased the equity to 221.8 million Euro
Quote from Marleen Vaesen, CEO van Greenyard Foods:
"We are proud of the achievements that Greenyard Foods has made in the last fiscal year. Sales rose by 2%, while REBITDA rose by an enormous 22%. Greenyard Foods has completed it's strategic plan to acquire all manufacturing sites, and to combine operational excellence with a continued increase in efficiency. The results prove that the company carried out the right strategy. The expected combination of Univeg and Peatinvest is the next step in our strategic long-term development."