Greenyard: Fresh profit guidance lifts shares

Greenyard NV

19/04/2021 09:10

** Shares in Greenyard  GREENY.BR  rise 5% after the Belgian
fruit and vegetable supplier raised its FY core profit
expectations
    ** Greenyard now sees an adjusted EBITDA of about EUR
116-117 mln euros ($139-140 mln) for 2020/2021 vs the upper end
of the 106-110 mln range previously
    ** KBC says the news confirms Greenyard is on "a very
positive trajectory with a much stronger business and financial
position", 
    ** Positive guidance revisions should strengthen the firm's
track record, KBC adds
    * It slightly raises its estimates for this year, but leaves
its forecasts for next year relatively unaffected
    
($1 = 0.8348 euros)

 ((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))