Greenyard NV : The time of major leaps forward is behind Greenyard now
>TP raised and Outperform reiterated on solid 2020/21 results - Greenyard’s 2020/21 sales came in slightly below our forecast, which can be attributed to a stronger slowdown in growth in Long Fresh in Q4 2020/21. Other than that, Greenyard either met or beat expectations. Adjusted EBITDA (pre-IFRS 16 accounting) came in at € 116.6m, in line with company guidance of € 116-117m. Financial leverage improved to 2.9x (from 4.4x a year ago), which is also in line with manag...Greenyard processes and commercializes fruits, vegetables, and ready-to eat food products in France, the United kingdom, Germany, Belgium, other EU-countries, and internationally. Co.'s operation is divided into two divisions: The frozen division known as Pinguin and the canning division under the name of Noliko. The Frozen division offers frozen vegetables and fruits, deep-frozen vegetable dishes, and ready-to-use meals to retail, food service, and food industry. The Canning division processes vegetables and fruit from the field into preserved foods in cans and jars. The division also prepares ready-to-eat food such as soups, sauces, dips and pasta dishes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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