Greenyard has decided to reinstate a dividend policy with a dividend of € 0.10 per share proposed for the full financial year, which ended in March 2023. This is based on its preliminary, unaudited full-year results for the financial year 2022/2023. The board of directors of Greenyard will therefore propose to the general meeting of shareholders on 15 September 2023 to approve the proposed dividend.
Like-for-like net sales have increased by around 8% versus last year (to around € 4 640m). The Adjusted EBITDA equals around € 167m, i.e., a level just above last year. In addition, the net financial debt of the group (pre IFRS 16) has decreased to around € 280m, which is a strong improvement versus € 304m last year. The leverage ratio is therefore expected to drop further from 2.4x to 2.2x as of the end of the financial year 2022/2023. The net result ended just below € 10m versus € 16,9m last year. The audited 2022/2023 full-year financial results and the full-year annual report will be communicated on 14 June 2023, according to the financial calendar.
Outlook for 2024 and ambitions until March 2026
Based on these results and today’s estimates and projections, including Greenyard’s view on its current competitive position and performance in the market, Greenyard expects for the current full financial year ending in March 2024, to achieve around € 4 900m net sales and between € 175-180m Adjusted EBITDA.
In addition, Greenyard clarifies its ambition of reaching € 5,4bn sales and between € 200-210m of Adjusted EBITDA. Thanks to its further consolidating position in the market, Greenyard can eliminate the uncertainty on the timing of these ambitions and expects to reach these ambitions by March 2026.
For more information:
Cedric Pauwels
Greenyard
Tel.: +32 15 32 42 00
Email: [email protected]
www.greenyard.group