Greenyard Foods announce first trading update after merger

On August 30, Greenyard Foods announced results for the first quarter ending June 30, 2016. Group sales came in at € 1.119,7 million, up 8.4% year on year of which 5.9% was internal growth.

Fresh and Prepared grew sales by 6.4% and 21.4% respectively (excluding the acquisition of Lutèce, Prepared grew by 3.5%).

Greenyard Foods’ Fresh segment, UNIVEG, announced Q1 results separately due to commitments to its bondholders.

Dirk Van Vlaenderen also joined Greenyard Foods on July 5, 2016 as an

independent board member. He replaced Luc Van Nevel as Chairman of the Audit Committee. Luc Van Nevel will retire from the Board at the AGM after 12-years in post. 

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