Greenyard rises on 'strategy 2030' targets

Greenyard NV

07/12/2021 09:29

** Shares in Greenyard  GREENY.BR  rise about 3% to three
month high after the Dutch food processor announced in its
"strategy 2030" the aim to reach 5 billion euros ($5.63 billion)
in sales by year 2024/2025 
    ** Greenyard's 2024-2025 sales target translates to an
increase of 650 million euros, implying a CAGR of 5%, while the
company's ambition in terms of adjusted EBITDA is to reach
200-210 million euros by 2025  urn:newsml:reuters.com:*:nFWN2SR16O
    ** The company added that based on 2022/2023 results, it
will "put dividends back on the agenda" for board to consider,
after saying in June that it would not pay a dividend for
2020/2021
    ** It also announced a series of sustainability objectives
and said it's committed "to accelerate the further widening of
its plant-based portfolio"
    ** KBC ("buy") flags the company aims to become a
"plant-based powerhouse" and says Greenyard has "ambition" to
benefit from market trends towards healthy, low processed, and
plant-based food

    
    
    


($1 = 0.8880 euros)

 (Reporting by Olivier Sorgho in Gdansk)
 ((olivier.sorgho@tr.com))