Brief: Greenyard Revises REBITDA Forecast And Explores Different Funding Options

Greenyard NV

28/01/2019 09:15

Jan 28 (Reuters) - GREENYARD NV  GREENY.BR :
    * Q3 RESULTS WERE LOWER THAN EXPECTED, MAINLY DUE TO
CONTINUED
PRESSURE IN THE FOOD RETAIL LANDSCAPE, PREDOMINANTLY IN GERMANY
AND BELGIUM
    * SALES ARE LAGGING BEHIND LAST YEAR BY -4,5%, IMPACT ON
MARGIN
GENERATION GIVEN THAT GREENYARD OPERATES AT LIMITED % MARGINS
    * GREENYARD REVISES ITS REBITDA FORECAST FOR AY 2018/19 TO A
RANGE
OF € 60-65M, AFTER DECONSOLIDATION OF THE HORTICULTURE SEGMENT
WHICH WAS SOLD END OF 2018
    * GREENYARD WILL DISCUSS THE CONSEQUENCES OF THESE EVENTS
WITH ITS
RELATIONSHIP BANKS IN THE COMING DAYS
    * MANAGEMENT HAS BEEN MANDATED BY THE BOARD OF DIRECTORS TO
FURTHER EXPLORE DIFFERENT FUNDING OPTIONS, AMONG OTHERS A
CAPITAL INCREASE

    
 Further company coverage:  GREENY.BR  
   


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