Sales climb but adjusted EBITDA falls year-on-year as higher operating costs hit home
Greenyard has recorded sales growth of 5.1 per cent on a like-for-like basis in 2024/25, up to €5.3bn.
Reported sales grew 4.4 per cent, with the improvement mainly attributed to volume growth in the company’s fresh segment.
Adjusted EBITDA for the year dropped 1.9 per cent year-on-year, down from €186.5mn to €183mn.
This was predominantly caused by a lower margin in the long fresh segment, marketing expenses and a lower margin in the fresh segment, the group noted.
Greenyard posted a net loss of €2.9mn for the year, compared to a net result of €15.2mn last year.
This was the result of a lower operational result, increased depreciations resulting from higher capital expenditures in the last years and non-recurring restructuring expenses in the fresh segment.
Furthermore, Greenyard had incurred higher tax expenses and net finance costs, it confirmed.
“Group sales continued to grow,” said CEO Francis Kint. ”Our two segments showed different customer dynamics: Fresh grew nearly 5 per cent in volume, which was mainly driven by the performance within our ICR customers.
”Long fresh faced softer demand mainly in the canning business. Despite this, long fresh reached €1bn in sales for the first time ever.
”Group adjusted EBITDA declined, affected by higher operating costs due to weather impacts and margin pressure in the German market,” he explained.
”Our strong free cash flow improvement of €37mn helped reduce net financial debt, despite higher long fresh inventories.
”The recent macro-economic evolutions and the uncertainty around the consumers spending, leads us to reduce our guidance for the coming year,” Kint outlined.
”Further building on our founder’s vision, we remain committed to supporting consumers globally towards a healthier future.”
