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Greenyard looks to the future with confidence

Greenyard is confident about the future, even in uncertain times. So says Marc Zwaaneveld, co-CEO, who is satisfied with the past financial year.

Exit from the UK and France

Greenyard’s sales rose by 7.9% to 4.64 billion euros on a like-for-like basis. This growth was entirely due to price increases (8.5%), as remarkably fewer fruit and vegetables were sold in retail. However, consumers opted more often for private labels, a trend from which the fruit and vegetable supplier is benefiting.

Net profit almost halved in the last financial year, from 16.9 million euros to 9.3 million euros. Although adjusted EBITDA was slightly higher than the previous year, the company had to contend with high restructuring costs and rising interest rates.

Greenyard is withdrawing from the fresh produce market in the UK and has decided to serve the French market operationally from neighbouring countries in order to reduce costs over time.

Irreversible pure-plant transition

Despite “very uncertain macroeconomic conditions”, the vegetable processor confirms its outlook for this year. For the future, Greenyard sees opportunities mainly in the plant-based shift, which is becoming “irreversible” and inevitable, according to co-CEO Hein Deprez.

“By 2050, there will be 10 billion people to feed. We will have to find better and more sustainable ways of producing food – with less impact and more nutritional value.

"If we don’t want to jeopardise the future of our planet for our children, grandchildren and generations to come. Pure-plant foods are a part of the solution.”


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