In the nine months ending December 31 of the current financial year 24/25, Greenyard's Like-for-Like (LfL) net sales further increased by 5,6%, growing to € 3 953,2m compared to € 3 742,4m in the same period last year. This increase is driven by higher volumes (+3,4%), an increase in prices of 1,4%, and a slight increase in service sales (+0,8%).
Fresh segment
In Fresh, LfL net sales went up by 6,4%. The increase from € 3 017,3m to € 3 211,8 is driven by an important increase of 5,4% in volumes sold, and prices slightly increased by 0,4%. Service sales also contributed to the net sales growth, with a slight increase of 0,6% versus the same period last year. The effect of inflation was tempered by the strong competitive landscape in the German market in certain product categories.
Long fresh segment
In the Long Fresh segment, LfL net sales increased by 2,3% from € 725,1m to € 741,4m. This was driven by the continued impact of last year's price increases (+5,6%) following higher direct costs, and an increase in transport recharges (+1,5%), partially offset by a volume decrease of 4,9%, mainly in the canning business.
Guidance
Greenyard confirms its ambitions of reaching € 5 400m in sales and between € 200m–210m of Adjusted EBITDA by March 2026.
Francis Kint, CEO of Greenyard: "We are satisfied to see our top-line growth, despite increased competitive pressure in the food industries. Today, the ongoing geopolitical and economic uncertainties make consumers more thoughtful in their spending. Yet, we remain convinced that the overriding trend of healthy and nutritious food supports our longer-term ambitions."
For more information:
Cedric Pauwels
Greenyard
Tel: +32 15 32 42 00
Email: [email protected]
www.greenyard.group