Greenyard N.V. : More clarity and early guidance for 2023/24, but mid-term goal pushed back
>Underlying preliminary results in line with our forecasts for 2022/23 - On Monday, 8 May, Greenyard announced its preliminary 2022/23 results, ahead of the official publication date on 14 June. Management expects sales of € 4,640m and adjusted EBITDA of € 167m, both in line with our forecasts. Net debt is set to decrease further, to € 280m, which is better than our estimate. The indication for the net result of just below € 10m implies additional non-recurring costs ...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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