Greenyard N.V. : Sales and EBITDA strong in H1 2023/24, but interest costs through the roof
>Sales and EBITDA above forecasts in H1 2023/24 - Greenyard reported sales and EBITDA ahead of our and consensus estimates in H1 2023/24. Both divisions (Fresh and Long Fresh) contributed to the sales beat. For adjusted EBITDA, the beat was predominantly attributable to Long Fresh, while the Fresh division reported a small beat compared with our and consensus estimates. Greenyard’s net debt came in € 31m higher than expected, due to 1) higher-than-expected working cap...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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