Opening quarter of the financial year sees like-for-like sales climb on higher volumes and increased service sales
Greenyard has reported on a positive start to the 2024/25 financial year, with like-for-like sales up 4.4 per cent on the corresponding period last year to €1.34bn.
The Belgium-based group said that growth was mainly driven by higher volumes (up 2.8 per cent), increased service sales (up 1 per cent) and a slight increase in prices of 0.6 per cent, despite challenging weather conditions across Europe.
In the fresh segment, like-for-like net sales went up 3.8 per cent from €1.05bn to €1.09bn, the result of an “important increase” of 4.1 per cent in volumes sold.
However, fresh prices declined by 1 per cent, mainly due to the “strong competitive German market”, Greenyard said.
“It pleases us to see continued growth and this in both segments,” said CEO Francis Kint.
”Our industry is experiencing the impact of weather fluctuations first-hand,” he explained. “While growers and the industry are continuously adapting to these ever-changing dynamics of agriculture, also the customer will notice these effects in the future, amongst others through scarcity or higher prices.
”With Greenyard, we continue to show our agility within the current reality,” Kint outlined.
”Thanks to our unique approach, and close collaborations with our customers, we continue to support them with a winning assortment towards their end-consumers.
”The recently announced investments and product launches will directly contribute to that,” he added.
