First quarter 2024/25 net sales were up 4.4% for Sint-Katelijne-Waver, Belgium-headquartered Greenyard, a major producer and marketer of fresh, frozen and prepared fruit and vegetables, flowers and plants. Revenue generated amounted to €1,337. 5 million, compared to €1,281.3 million during the same period last year. The growth is mainly driven by higher volumes (+2.8%), increased service sales (+1.0%) and a slight increase in prices of 0.6% despite challenging weather conditions across Europe.
Like-for-Like sales in the fresh segment rose 3.8%, from €1,053.6 million to €1,093.7 million. This was driven by an increase of 4.1% in volumes sold, while prices declined 1.0% mainly due to the strong competitive German market.
Net sales of long fresh products, which includes frozen vegetables and fruits, advanced 7.1%, from €227.6 million to €243.8 million. The growth was mainly driven by the continued effect of last year’s input price increases, which were passed on during the latest period to offset inflation.
“It pleases us to see continued growth in both segments,” said CEO Francis Kint. “Our business is experiencing the impact of weather fluctuations first hand. While growers and the industry are continuously adapting to these ever-changing dynamics of agriculture, also the customer will notice these effects in the future, among others through scarcity or higher prices.”
He added: “Greenyard continues to show agility within the current reality. Thanks to our unique approach, and close collaborations with customers, we continue to support them with a winning assortment for end-consumers. The recently announced investments and product launches will directly contribute to that.”
Greenyard, which counts Europe’s leading retailers among its customers as well as foodservice operators, deliver goods and services worth around € 5.1 billion per annum. It employs approximately 8,600 employees in 23 countries worldwide.
