Out of the red
Greenyard Foods’ turnover grew 2 % in its broken fiscal year, which lasted until the end of March, to 635.4 million euro. Several cost-cutting measures and the decision to purchase all of its own production locations have helped grow the operating profit by a third to 27.5 million euro. EBITDA grew 22 % to 62.6 million euro and net profit reached 10.8 million euro, a lot better than the 3.5 million euro net loss in its previous fiscal year.
The Greenyard Foods, Univeg and Peatinvest merger is planned for the summer of 2015.
