Greenyard, one of the largest players on the European frozen food market, recently confirmed that their financial results are better than previously expected.
Greenyard’s adjusted EBITDA for the financial year 2019/2020 amounts to EUR95.7m, above the estimates released on April 17, which showed a EUR93m-EUR95m interval. The recovering adjusted EBITDA is primarily driven by a successful transformation and a rigorous implementation of a continuous improvement process, the company states.
Counting Europe’s leading retailers amongst its customer base, Greenyard claims to provide efficient and sustainable solutions to customers and suppliers. The company has over 8.500 employees operating in 25 countries worldwide and delivers goods and services worth EUR4bn each year.