Sales as presented below include sales of the Scana Noliko
Group ('canned division') for a period of 6 months. The
deep-frozen vegetable division that was acquired from the
CECAB-group contributed for a period of four months to the
consolidated sales. Hence the comparative figures as per 31
December 2010 did not yet include the effect of these
acquisitions.
Sales
For the 12 months to 31 December 2011, PinguinLutosa recorded
consolidated sales of €622.1 million, which represents an
increase of 28.7% compared to the same period last year.
Evolution of sales per division is as follows:
Non-audited management figures in €
1 January till 31 December
2011 2010
Evolution
%
1 October till
31 December
2011
Deep-frozen vegetable division (including
4 months ex-CECAB1) Potato division
Canned division
286,316,587
241,000,568
94,824,546
245,146,609
238,417,090
N/A
+16.8%
+1.1%
+100.0%
108,837,053
57,839,674
48,740,563
Total
622,141,701
483,563,699
+28.7%
215,417,290
In the potato division there is a sales growth of 1.1%. This
is the combined effect of on the one hand the increased sales
prices (+20.6%) which was applied as a reaction to the huge
increase of raw material prices in the first semester of 2011
and on the other hand the planned organic decrease of volumes
of 19.7%.
In the deep-frozen vegetable division there is a growth of
sales (including 4 months of CECAB) of 16.8%. The impact of
including 4 months of sales of the deep-frozen vegetable
division of CECAB amounts to €53.1 million. Without taking
into account the acquisition of the CECAB activities, there
was a decline of sales of
4.9%. Had the exchange rate for the British pound remained
unchanged, the deep-frozen vegetable division
would have achieved 0.6% more in sales during the twelve
months of 2011.
1 The impact of including the sales of the deep-frozen
vegetable division of CECAB is only applicable for 2011 since
this business combination took place on September 1,
2011.
Greenyard NV is a global market leader of fresh, frozen and prepared fruit & vegetables, flowers, and plants. Counting Europe's leading retailers amongst its customer base, the group provides efficient and sustainable solutions to customers and suppliers through best-in-class products, market leading innovation, operational excellence and outstanding service.
The vision is to make lives healthier by helping people enjoy fruit & vegetables at any moment, easy, fast and pleasurable, whilst fostering nature.
With around 8,600 employees, Greenyard NV operates in 23 countries worldwide.
GREENYARD NV 
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