The Greenery registers fall in profits

Thu 25/04/2019 by Richard Wilkinson
The Greenery registers fall in profits

Fruit and vegetable company The Greenery reported a net turnover of €991.9 million in 2018, which represents a slight drop from 2017’s figure of €1.003 billion. The firm’s net profit totalled €2 million in 2018, down from €12.5 million in 2017. The fall in revenues is due to the extreme summer weather and increased competition, especially in Germany. Moreover, there were some one-off benefits in 2017. During the financial year, The Greenery invested in new online customers and programmes, the construction of new distribution centres for The Greenery and its subsidiary Hoogsteder, the training of its employees, and the development of IT infrastructures and digitisation.

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