Brief: Greenyard FY Adjusted EBITDA At 64,5 Million Euros

Greenyard NV

04/06/2019 06:55

June 4 (Reuters) - Greenyard NV  GREENY.BR :
    * LANDS FULL YEAR PROFITABILITY AT UPPER END OF ITS GUIDANCE
AT €
64,5M.
    * FY OVERALL NET SALES AMOUNTED TO € 3.911,5M, INDICATING A
DECLINE OF -4,3% YOY
    * FY GREENYARD’S ADJUSTED EBITDA AMOUNTED TO € 64,5M, AT THE
UPPER
END OF THE RANGE OF ITS GUIDANCE GIVEN IN JANUARY 2019
    * FY NET LOSS (BEFORE DISCONTINUED OPERATIONS) OF € 192,0M
    * THE BOARD OF DIRECTORS WILL PROPOSE NOT TO PAY A DIVIDEND
FOR AY
18/19.
    * GREENYARD ALREADY NOTES THAT ITS APRIL 2019 PERFORMANCE
ENDED
ABOVE BUDGET AND ABOVE LAST YEAR
    * FY NET FINANCIAL DEBT (NFD) INCREASED BY € 37,2M ENDING AT
€
456,3M, UP FROM € 419,1M LAST YEAR
    * GOODWILL IMPAIRMENT ON LONG FRESH (€ 78,9M), DUE TO DELAY
IN
EXECUTION OF BUSINESS PLAN IN LONG FRESH CAUSED BY EVENTS OVER
SUMMER

Further company coverage:  GREENY.BR 

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