Greenyard has announced that, based on its current expectations and subject to finalisation of its Half Year results, it expects Adjusted EBITDA (before application of IFRS 16) for the half year ending 30 September 2019 to amount to approximately EUR 47.5m, as compared to the guidance of EUR 43.0-45.0m that it had issued by press release of 27 August 2019.
This expected result follows from a positive recovery of the business and rigorous implementation of the Transformation Plan, with a strong focus on margin and profitable volumes and rightsizing the overhead cost base.
Greenyard’s H1 results will be published on 19 November 2019.
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