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Carl Collen

BY CARL COLLEN

Tuesday 31st August 2021, 09:10 London

"Continued high sales" at Greenyard

Group reports on fiscal first quarter results, noting it remains on a "strong growth path"

"Continued high sales" at Greenyard

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Greenyard has reported on growth in sales for the opening quarter of the fiscal year. Sales climbed 2.3 per cent on a like-for-like basis, and 1.9 per cent on a reported basis, to €1.17bn.

The group's fresh segment saw "robust volumes in the integrated customer model", the company said, growing 1.7 per cent on a like-for-like basis, or 1.2 per cent on a reported basis, to €970.2m – up from €959m in the same quarter of last year.

The long fresh segment grew by 5.4 per cent on the first quarter of last year, from €190.3m to €200.6m. This was boosted by the improving foodservice and food industry customer segments, Greenyard said, which had picked up since the release of many Covid-19 related lockdown measures.

"The further growth this year, which is in line with our expected growth rate, proves that Greenyard continues its growth path starting from last year’s significant step-up," the group noted.

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