Greenyard announced that it raises its Adjusted EBITDA guidance to approximately EUR 116m-117m for the full financial year 2020/2021. The last quarter showed a strong growth and a continued acceleration of the underlying business, through volume growth that is the result of long-term customer relations. Additionally, a better alignment of sourcing flows and further cost control also contributed to this improvement.
This underlines the potential of Greenyard’s unique strategy and reaffirms the strength to realise the ambitious long-term strategy.
Based on the currently available information, Greenyard expects its Adjusted EBITDA for the current full financial year 2020/2021 (before application of IFRS 16) to amount to approximately EUR 116m-117m (versus EUR 95,7m last year 2019/2020 and the previously given Adjusted EBITDA guidance to land at the upper end of the EUR 106m-110m range for financial year 2020/2021).
The increase in Adjusted EBITDA also results in a further deleverage of its debt ratio to a ratio below 3,0x Net Debt/Adjusted EBITDA (before application of IFRS 16). The current financial results, together with its unique position in the food chain, put Greenyard in a strong position for further sustainable growth.