Greenyard sees $35 million listeria-related product recall impact
17/07/2018 07:51
July 17 (Reuters) - Belgian food company Greenyard
GREENY.BR said on Tuesday that the first estimate on the
financial impact from its recall of frozen products, potentially
linked to an outbreak of the food-borne disease listeria in
Europe, was estimated at 30 million euros ($35 million) after
insurance.
The company's shares have fallen 38 percent since local
media reports on Friday said that deaths due to a listeria
outbreak could be linked to frozen vegetable products produced
by Greenyard's plant in Hungary.
The plant has been shut and the company has been conducting
an in-depth review after the Hungarian Food Chain Safety Office
banned all frozen vegetable and frozen mixed vegetable products
produced by the facility on June 29.
Berenberg analysts said on Monday that food safety is the
biggest risk for a food company, and "this is the latest in a
string of disappointing newsflow relating to Greenyard."
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($1 = 0.8531 euros)
(Reporting by Nolwenn Brossier and Thyagaraju Adinarayan in
Gdynia; Editing by Kirsten Donovan)
((Nolwenn.Brossier@thomsonreuters.com; +48 58 772 1032;))