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Trading update Q3 2017/2018

Sint-Katelijne-Waver, Belgium, February 22, 2018 - Greenyard (Euronext Brussels: GREEN) announced its trading update for the third quarter ending December 31, 2017

• In Q3, sales came in at € 995.6m,  stable YoY.  Like-for-like performance improved from       -2.0% in H1 to -0.4% in Q3.  FX had no material impact at the group level. The acquisition of Mykogen, consolidated since December, added 0.3% to top line
• Segment performance in Q3: 
o Fresh realised a slight like-for-like sales decline of 0.7% vs. -2.2% in H1
o Long Fresh’ sales growth was stable on a like-for-like basis compared with a slight decline in H1
o Horticulture’s like-for-like growth reached double digit, confirming the segment’s growth potential. The first time consolidation of Mykogen (+30.9%) explains why total sales growth exceeds 40%
• YTD sales reached € 3,090.3m, implying a like-for-like drop of 1.5%, an improvement compared to the -2.0% reported in H1





Greenyard NV
Strijbroek 10
2860 Sint-Katelijne-Waver (Belgium)

t. +32 (0)15 32 42 00
f. +32 (0)15 32 42 01

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