Brief: Greenyard Pre-Announces Preliminary FY Results With 4 Percent REBITDA Drop

Greenyard NV

02/05/2018 16:54

May 2 (Reuters) - GREENYARD NV  GREENY.BR :
    * GREENYARD UPDATES THE MARKET ON ITS FY RESULTS PER 31
MARCH 2018
    * PRE-ANNOUNCES PRELIMINARY ANNUAL RESULTS WHICH SHOW A
MODEST
DROP OF FY REBITDA COMPARED TO LAST YEAR
    * EXPECTS FY REBITDA TO LAND AT ABOUT EUR 140.0M, SHOWING
DROP OF
4% COMPARED TO LAST YEAR'S LEVEL
    * PROFIT BEFORE TAX IS EXPECTED TO IMPROVE TO CIRCA € 5.0M,
COMPARED TO € 0.8M LAST YEAR
    * HEIN DEPREZ, CEO OF GREENYARD SAYS ‘GREENYARD’S
PRELIMINARY
ANNUAL RESULTS DO NOT MEET OUR EXPECTATIONS
    * REMAINS CONFIDENT TO REALISE INCREASE OF 10% IN REBITDA
FOR
CURRENT YEAR 18/19, STARTING APRIL 1, 2018
    * EXPECTS FY NORMALISED NET DEBT/REBITDA AT C. 2.8X

Source text for Eikon:  ID:nNDL7Mtjyc 
Further company coverage:  GREENY.BR 

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