Brief: Greenyard FY Net Loss Narrows To 68.0 Million Euros

Greenyard NV

16/06/2020 07:00

June 16 (Reuters) - Greenyard NV  GREENY.BR :
    * FY NET SALES AMOUNTED TO € 4.061,0 MILLION, INDICATING AN
INCREASE OF +3,8% YOY
    * FY NET RESULT FROM CONTINUED OPERATIONS AMOUNTED TO A LOSS
OF
EUR 68.0 MILLION, UP FROM A LOSS OF EUR 192.0 MILLION LAST YEAR
    * NET FINANCIAL DEBT (NFD) DECREASED BY € 30,7M TO € 425,6M
IN AY
19/20
    * NET FINANCIAL DEBT REDUCING: LEVERAGE OF 4,4X IN MARCH
2020
(EXCLUDING IFRS 16), DOWN FROM 7,1X IN MARCH 2019
    * THE BOARD OF DIRECTORS WILL PROPOSE NOT TO PAY A DIVIDEND
FOR AY
19/20
    * EXPECTS ADJUSTED EBITDA (EXCLUDING IFRS 16 IMPACT) FOR THE
FULL
YEAR ENDING 31 MARCH 2021 TO RANGE BETWEEN EUR 100.0 MILLION AND
EUR 105.0 MILLION
    * SEVERAL PARALLEL DIVESTMENT TRANSACTIONS INITIATED TO
FOCUS ON
CORE OPERATIONS AND ACTIVITIES AND IMPROVE FINANCIAL SITUATION

Source text for Eikon:  ID:nNDLc7YgbD 
Further company coverage:  GREENY.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))