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Greenyard NV (GREENY.BR)

GREENY.BR on Brussels Stock Exchange

3.36EUR
25 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Greenyard: Meeting Covenant Target Will Be Challenging -Conf Call
Monday, 28 Jan 2019 

Jan 28 (Reuters) - GREENYARD NV ::MEETING COVENANT TARGET WILL BE CHALLENGING; NET DEBT IS CURRENTLY IN LINE WITH EXPECTATIONS -CONF CALL.EBITDA IN FRESH SEGMENT IS STILL POSITIVE; IN LONG FRESH SEGMENT WE STILL LAG BEHIND EXPECTATIONS -CONF CALL.ON BREXIT: WE ARE PREPARING OURSELVES TO HAVE POSSIBILITY TO PERFORM CUSTOMS CLEARING AT OUR OWN SITES NOT AT BORDERS -CONF CALL.  Full Article

Greenyard Revises REBITDA Forecast And Explores Different Funding Options
Monday, 28 Jan 2019 

Jan 28 (Reuters) - GREENYARD NV ::Q3 RESULTS WERE LOWER THAN EXPECTED, MAINLY DUE TO CONTINUED PRESSURE IN THE FOOD RETAIL LANDSCAPE, PREDOMINANTLY IN GERMANY AND BELGIUM.SALES ARE LAGGING BEHIND LAST YEAR BY -4,5%, IMPACT ON MARGIN GENERATION GIVEN THAT GREENYARD OPERATES AT LIMITED % MARGINS.GREENYARD REVISES ITS REBITDA FORECAST FOR AY 2018/19 TO A RANGE OF € 60-65M, AFTER DECONSOLIDATION OF THE HORTICULTURE SEGMENT WHICH WAS SOLD END OF 2018.GREENYARD WILL DISCUSS THE CONSEQUENCES OF THESE EVENTS WITH ITS RELATIONSHIP BANKS IN THE COMING DAYS.MANAGEMENT HAS BEEN MANDATED BY THE BOARD OF DIRECTORS TO FURTHER EXPLORE DIFFERENT FUNDING OPTIONS, AMONG OTHERS A CAPITAL INCREASE.  Full Article

Greenyard Maintains FY REBITDA Guidance
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - GREENYARD NV ::FOR 2018/19, GREENYARD MAINTAINS ITS GUIDANCE OF REBITDA -25% VERSUS LAST YEAR, EXCLUDING CURRENCY IMPACT.  Full Article

Greenyard H1 REBITDA Decreases To 41.2 Million Euros
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - GREENYARD NV ::H1 REBITDA FOR GREENYARD FELL WITH 39,9% TO € 41,2M (EXCLUDING DISCONTINUED OPERATIONS).NET FINANCIAL DEBT ON 30 SEPTEMBER 2018 AMOUNTED TO EUR 517.4 MILLION.CONTINUES TO BE WELL POSITIONED TO DELIVER PROFITABLE GROWTH AND TO UNLOCK THE SYNERGY POTENTIAL OF THE BUSINESS COMBINATION GOING FORWARD.H1 NET RESULT FROM CONTINUED OPERATIONS AMOUNTS TO A LOSS OF EUR 68,1M MILLION VERSUS EUR 11.7 MILLION YEAR AGO.H1 NET SALES EUR 1.98 BILLION VERSUS EUR 2.09 BILLION YEAR AGO.  Full Article

Greenyard Signs Agreement With Straco for 120 Million Euros
Monday, 24 Sep 2018 

Sept 24 (Reuters) - GREENYARD NV ::GREENYARD TAKES DECISIVE ACTIONS TOWARDS A REFOCUS AND A STRENGTHENED BALANCE SHEET.SIGNED AN AGREEMENT FOR DIVESTMENT OF ITS HORTICULTURE SEGMENT WITH STRACO FOR A TOTAL CONSIDERATION OF EUR 120 MILLION..ON TRACK WITH ITS DELEVERAGING ACTIONS.TRANSACTION IS EXPECTED TO CLOSE IN THE FOURTH QUARTER OF ACCOUNTING YEAR 2018/19.WILL SECURE THE NECESSARY MEANS FOR THE REPAYMENT OF THE EUR 150 MILLION RETAIL BOND THAT IS MATURING NEXT JULY 2019.  Full Article

Greenyard Amends Leverage Covenants With Its Lenders
Friday, 21 Sep 2018 

Sept 21 (Reuters) - GREENYARD NV ::GREENYARD SUPPORTED BY ITS LENDERS RESETTING COVENANTS.FOR NEXT YEAR, GREENYARD WILL REMAIN FOCUSED ON DELEVERAGING AND REALIZING PROFITABLE INTERNAL GROWTH.AGREED WITH LENDERS UNDER GREENYARD’S CREDIT FACILITIES TO AMEND LEVERAGE COVENANTS.  Full Article

Greenyard Gives First Estimate Of Financial Impact Of Recent Recall
Tuesday, 17 Jul 2018 

July 17 (Reuters) - GREENYARD NV ::GREENYARD GIVES FIRST ESTIMATE OF FINANCIAL IMPACT OF RECENT RECALL.AFTER INSURANCE, GREENYARD ESTIMATES THAT THE FINANCIAL IMPACT OF THE RECALL AMOUNTS TO ABOUT EUR 30.0 MILLION.WILL NOT RESTART PRODUCTION IN OUR HUNGARIAN FACILITY UNTIL WE ARE FULLY SATISFIED WITH RESULTS OF TESTS.PROCESS OF RECALLING RELEVANT PRODUCTS FROM OUR CUSTOMERS AND CONSUMERS IS ONGOING, WITH PRODUCTS BEING RETURNED AND DESTROYED..MORE THAN 80% OF THE RECALL AMOUNT IS EXPECTED TO CONSTITUTE NON-RECURRING ITEMS.HAS CLOSED ITS PLANT IN HUNGARY.ESTIMATE ABOUT ONE THIRD OF IMPACT TO HAVE A BALANCE SHEET IMPACT (IMPAIRMENT) AND ABOUT TWO THIRD TO HAVE A CASH IMPACT.HAS NO VIEW YET ON POTENTIAL CLAIMS FOR PHYSICAL DAMAGES OR PRODUCT DAMAGES.  Full Article

Greenyard Recalls Frozen Vegetables From Hungary
Wednesday, 4 Jul 2018 

July 4 (Reuters) - GREENYARD NV ::TAKES RECALL INITIATIVE FOR FROZEN VEGETABLES FROM HUNGARY.RECALLS FROZEN VEGETABLES FROM ITS HUNGARY BASED PLANT, PRODUCED BETWEEN 13 AUGUST 2016 AND 20 JUNE 2018.MEASURE IS TAKEN IN THE FRAMEWORK OF POTENTIAL LISTERIA CONTAMINATION OF FROZEN PRODUCTS.  Full Article

Greenyard Announces Appointment Of Geert Peeters As CFO
Monday, 7 May 2018 

May 7 (Reuters) - GREENYARD NV ::ANNOUNCES APPOINTMENT OF GEERT PEETERS AS CFO.GEERT PEETERS WILL JOIN THE COMPANY AS CHIEF FINANCIAL OFFICER AS FROM SEPTEMBER 2018..  Full Article

Carrefour Belgium And Greenyard Fresh Enter Cooperation Agreement
Friday, 20 Apr 2018 

April 20 (Reuters) - CARREFOUR ::CARREFOUR BELGIUM AND GREENYARD FRESH ENTER INTO A NEW COOPERATION AGREEMENT FOR FRESH PRODUCE.  Full Article

BRIEF-Greenyard Revises REBITDA Forecast And Explores Different Funding Options

* Q3 RESULTS WERE LOWER THAN EXPECTED, MAINLY DUE TO CONTINUED PRESSURE IN THE FOOD RETAIL LANDSCAPE, PREDOMINANTLY IN GERMANY AND BELGIUM