Greenyard recently published its year-end results, showing an increase in sales and overall positive results. Sales increased to EUR4.41bn, up 8,7% from EUR4.06m. This strong result is mainly driven by the increased sales in the company’s unique integrated customer model, a company statement reads. Thanks to the solid sales growth, and, moreover, as a result of the existing and new efficiency initiatives, adjusted EBITDA increased from EUR133.4m to EUR156.9m, up EUR23.5m (+17,6%).
These achievements are complemented by a consumer trend of increased awareness to maintain a healthy lifestyle. This resulted in a higher fruit and vegetable spend per capita. At the same time, consumers more frequently combine different categories of fruit and vegetables. Both market evolutions play into Greenyard’s long-standing strategy to be a driving force towards healthier lifestyles and more sustainable food value chains. This is achieved thanks to the company’s complementary offering (fresh, frozen, prepared) and its unique position in the food value chain, allowing the company to provide healthy choices to consumers, regardless of the occasion, time or consumption moment, and this while guaranteeing the shortest possible food chain.
In order to secure short supply chains, Greenyard is cooperating closely with its growers, by constantly building partnerships with a solid and global network of dedicated growers, ensuring quality and quantity of the products for its customers, all year round; a sourcing program has therefore been initiated.