Brief: Greenyard Prelim. FY Adjusted EBITDA At Around EUR 167 Mln, Just Above Last Year

Greenyard NV

08/05/2023 07:05

May 8 (Reuters) - Greenyard NV  GREENY.BR :
    * REINSTATES DIVIDEND POLICY ON BACK OF ITS PRELIMINARY
CONSOLIDATED FULL YEAR RESULTS FOR 22-23 AND GIVES 2024 GUIDANCE
    * LEVERAGE RATIO IS THEREFORE EXPECTED TO FURTHER DROP FROM
2,4X
TO 2,2X AS OF THE END OF THE FINANCIAL YEAR 2022/2023
    * CLARIFIES ITS AMBITION OF REACHING EUR 5,4BN SALES AND
BETWEEN
EUR 200-210M OF ADJUSTED EBITDA
    * EXPECTS FOR THE CURRENT FULL FINANCIAL YEAR ENDING IN
MARCH 2024
TO ACHIEVE AROUND EUR 4 900 MILLION NET SALES AND BETWEEN EUR
175-180 MILLION ADJUSTED EBITDA
    * WILL PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS TO
APPROVE
DIVIDEND OF EUR 0,10 PER SHARE FOR FULL FINANCIAL YEAR ENDED IN
MARCH 2023
    * PRELIMINARY FY LIKE-FOR-LIKE NET SALES HAVE INCREASED BY
AROUND
8% VERSUS LAST YEAR (TO AROUND EUR 4 640M)
    * PRELIMINARY FY ADJUSTED EBITDA EQUALS AROUND EUR 167M,
I.E. A
LEVEL JUST ABOVE LAST YEAR

Source text for Eikon:  ID:nNDLbGy5T9 
Further company coverage:  GREENY.BR 

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