Greenyard sales growth eases in third quarter - Just Food
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Greenyard sales growth eases in third quarter

24 Feb 2017

Belgium-based produce supplier Greenyard has reported a 8% rise in nine-month sales, although growth eased in its third quarter.

The company yesterday (23 February) booked a 7.9% increase in sales to EUR3.14bn (US$3.32bn) for the period to the end of December. On an organic basis, sales were up 6.1%.

In the third quarter, sales were up 6.3% to EUR996.9m and by 4.8% on an organic basis.

Greenyard said nine-month sales from its fresh division were up 6.2% at EUR2.54bn, helped by 7% increase in sales on an organic basis.

Sales from Greenyard’s long-fresh arm, which houses its canned and prepared products, jumped 17.2% to EUR557.9m, boosted by its acquisition of Dutch canned mushrooms maker Lutèce at the start of 2016. On an organic basis, the division saw sales rise 2.7%.

The company provided no data on its profit performance. It is due to announce its full-year financial results on 6 June.