Univeg, the Belgium-based produce group that last year merged with canned and frozen business Greenyard Foods, has posted mixed results for 2015.

The company now forms the fresh division of the enlarged Greenyard Foods, which published the numbers as part of commitments to bondholders of the unit.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Greenyard Foods said the fresh division booked recurring earnings before interest, taxes, depreciation and amortisation (REBITDA) of EUR74.3m (US$80.7m), down fell 3.8% on 2014. It pointed to “changes in the customer portfolio”, as well as higher costs.

Sales for the year however rose 2.4% to EUR3.24m as a result of volume growth with key customers and price increases.

“For the first time in 2015, our fresh division was able to report an increase in REBITDA on a quarterly basis after the discontinuation of an important customer in early 2015,” Marleen Vaesen, CEO of Greenyard Foods, said. “This clearly illustrates the robust nature of our core Fresh business and our flexibility to rebalance flows within our existing customer base. We continue to work with our key clients to grow volumes, benefit from operational efficiencies and further optimise our customer portfolio to gain new and sustainable business. Meanwhile, our teams remain focused on the integration after the merger of Univeg and Peatinvest and achieving our strategic and financial objectives.”

Greenyard Foods, Univeg and Peatinvest announced a merger in May that saw the three combine to become a produce giant with annual sales of EUR3.7bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.