Brief: Greenyard H1 Adjusted EBITDA Down At EUR 80.4 Mln

Greenyard NV

14/11/2022 06:53

Nov 14 (Reuters) - Greenyard NV  GREENY.BR :
    * GREENYARD DEMONSTRATES RESILIENCE AND ROBUSTNESS IN
PROFITABILITY AND VOLUMES
    * H1 GROUP’S ADJUSTED EBITDA IS IN LINE WITH LAST YEAR, AT €
80,4M
VERSUS € 82,6M LAST YEAR
    * H1 POSITIVE NET RESULT FROM CONTINUING OPERATIONS STOOD AT
€
7,1M VERSUS € 8,5M LAST YEAR
    * END-H1 NET DEBT DECREASED TO € 328,4M FROM € 338,1M FOR
THE
COMPARABLE PERIOD OF LAST YEAR
    * RENEWED € 420M BANK FINANCING PROVIDES LIQUIDITY ROOM AND
A
STABLE FUNDING FOR THE GROUP FOR A NEW FIVE-YEAR PERIOD
    * CURRENT ECONOMY AND GEOPOLITICAL CLIMATE MAKE IT DIFFICULT
TO
GIVE A CLEAR GUIDANCE
    * IN THE LONGER TERM WE BELIEVE THAT THE LEVEL AND SPEED OF
GROWTH
IS DEPENDENT ON THE MACRO-ECONOMIC AND POLITICAL DEVELOPMENTS
    * GROUP REPORTED H1 SALES INCREASED YEAR-ON-YEAR BY €
111,4M, UP
FROM € 2 190,5M TO € 2 301,9M
    * H1 GREENYARD SALES INCREASED BY 7,3% ON A LIKE-FOR-LIKE
BASIS
VERSUS LAST YEAR TO € 2 270,2M
    * H1: A 7,3% INCREASE IN SALES (ON A LIKE-FOR-LIKE BASIS)
DRIVEN
BY +9,0% PRICE INCREASES

Source text for Eikon:  ID:nNDL7HD3c0 
Further company coverage:  GREENY.BR 
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