Successfully navigating an unseen global context: a future-proof plant-based powerhouse

The past financial year was remarkable. No one could have predicted the various turns of events we witnessed, and the macro-economic disruptions they caused all over the world.

We delivered on what we promised, and we showed to be a reliable and connecting partner throughout the food value chain. Closely working together with our network of growers and teaming up with our customers has proven to be a solid foundation for delivering on our ambitions.

Showing ‘stagility’

Stability and agility. Or when put together: ‘stagility’. A concept tailored to Greenyard's past financial year. Combining our unique business model which has a clear focus on integrated, long-term relationships with the agility to quickly shift gears proved fruitful. It enabled us to successfully navigate our way through an unprecedented macro-economic context. With a special thanks to our 9 000 committed employees across the globe.

Our performance in a few key figures:

  • Net sales increased to € 4 400,5m (+1,4% on a like-for-like basis)
  • Adjusted EBITDA increased to € 166,5m (+6,1%)
  • Profit amounted to € 16,9m
  • Net financial debt decreased significantly from € 339,9m to € 303,6m
  • Leverage ratio improved to 2,4x, down from 2,9x

The time for plant-based food is now

The year also marked another milestone for our company. We launched our Strategy 2030, and with that, our vision on the future of food. We have clear ambitions: we want to improve life trough tasty, plant-based experiences, connecting healthy lifestyles and sustainable food value chains.

With a fierce focus on technology and innovation, we will unleash the full, and pure, power of plant-based foods. By doing so, we aim to capture our fair share of the plant-based market, that is expected to reach € 150bn by 2030.

The time for plant-based is now. People expect it and our planet needs it. With this mindset, a strong business model, our passionate people and our global network, we are confident that we will achieve our ambitions and financial goals and reach € 5bn sales and an Adjusted EBITDA between € 200 and € 210m by March 2025.

Join us on our journey to improve life by reading our 2021/2022 Annual Report.