Report
Robert Jan Vos

Greenyard N.V. : On track for 2024/25, but less certain about the current year

>Despite a materially changed world, Greenyard met its 2021/22 goal - Despite the drastic changes in the world Greenyard operates in (including the aftermath of the COVID-19 pandemic, the unprecedentedly high level of inflation and the Russian invasion of Ukraine), Greenyard met its objective of € 165m in adjusted EBITDA in 2021/22. Group sales of € 4.4bn imply EBITDA profitability of 3.8% in 2021/22, slightly above our forecast.Financial leverage dropped...
Underlying
Greenyard NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Robert Jan Vos

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