Like-for-like net sales increased 7.2 per cent during the first nine months of the company’s financial year

Greenyard has reported that it generated €3.38bn in like-for-like net sales during the nine-month financial period, growth of 7.2 per cent on the previous year.

Generic mixed vegetables and fruit in boxes birds eye view

In the third quarter of the financial year, ending 31 December 2022, Greenyard brought in €1.11bn in like-for-like sales, up 6.8 per cent.

In the group’s fresh segment, third quarter like-for-like net sales grew by 3.9 per cent to €874.2m, while fresh sales for the first nine months grew 5.3 per cent to €2.75bn.

”Freshfel estimated that the average European consumption per capita/day of fresh produce would decline by 10 per cent for full year 2022 as compared to 2021, due to the post-Covid return to out-of-home consumption as well as lower consumer purchasing power due to inflation,” Greenyard stated.

”This caused pressure on total volumes, premium products, and certain segments, such as organic, even though price increases in the fresh fruit and vegetable categories are amongst the lowest in the food segment.

”The expectation is that, in the medium term, prices will rightfully reflect the complexity and true costs in the chain,” the group added. “In parallel, volumes will recover, supported by the trend of consumers searching for healthy diets.”