Sales grew 5.6 per cent in the first nine months of the financial year despite ”increased competitive pressure”
Greenyard has announced that its like-for-like net sales climbed in the first nine months of the 2024/25 financial year.
For the period ended 31 December 2024, sales grew to €3.95bn compared to €3.74bn in 2023/24.
According to the Belgium-based company, the increase was driven by higher volumes (up 3.4 per cent), an increase in prices of 1.4 per cent, and a slight increase in service sales (up 0.8 per cent).
In the fresh segment, like-for-like net sales went up 6.4 per cent to €3.21bn.
This, it noted, was because of an ”important increase” of 5.4 per cent in volumes sold, a 0.4 per cent price increase, and a slight increase in service sales of 0.6 per cent.
The effect of inflation was tempered by the strong competitive landscape in the German market in certain product categories, Greenyard outlined.
“We are satisfied to see our top line growth, despite increased competitive pressure in the food industries,” said Francis Kint, CEO Greenyard.
”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,” he added.
In a guidance statement, Greenyard confirmed its ambitions of reaching €5.4bn in sales and between €200mn–210mn of adjusted EBITDA by March 2026.
