In the first quarter of the current financial year 24/25, Greenyard's Like-for-Like (LfL) net sales further increased by 4,4% and amounted to € 1 337,5m, compared to € 1 281,3m in the same period last year. The growth is mainly driven by higher volumes (+2,8%), increased service sales (+1,0%) and only a slight increase in prices of 0,6% despite challenging weather conditions across Europe.
Fresh segment
In Fresh, LfL net sales went up from €1 053,6m to €1 093,7m or +3,8%, which is driven by an important increase of 4,1% in volumes sold, while prices slightly declined with 1,0%, mainly due to the strong competitive German market.
Long Fresh segment
Long Fresh LfL net sales grew with 7,1%, from € 227,6m to € 243,8m. The growth is mainly driven by the continued effect of last year's input price increases, which were passed on during the latest period to offset inflation.
Francis Kint, CEO Greenyard: "It pleases us to see continued growth and this in both segments. Our industry 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, amongst others through scarcity or higher prices. With Greenyard, we continue to show our agility within the current reality. Thanks to our unique approach, and close collaborations with our customers, we continue to support them with a winning assortment towards their end-consumers. The recently announced investments and product launches will directly contribute to that."
For more information:
Cedric Pauwels
Greenyard
+32 15 32 42 00
[email protected]