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The Greenery unveils "pleasing results" for 2007
Netherlands
Wednesday 09 April 2008
Despite continued pressure on prices, the Dutch grower-owned cooperative has unveiled higher payments to growers for the full year.
Dutch fruit and vegetable supplier The Greenery has reported what it describes as "pleasing results" for its 2007 financial year.
The group's total turnover for 2007 remained almost static at the 2006 level of 1.9bn euros, while operating profit was 10.5m euros.
However, despite pressure on prices from its customers, research costs for the implementation of a new ERP system, reorganisation provision and the construction of a new distribution centre, payments to its member growers rose by 4.1 per cent to 810m euros for the year, while the volume of produce supplied by its growers increased by 3.8 per cent.
General manager Philip Smits said: "Taking account of developments over the past year and the decisions we took to continue strengthening the position of The Greenery, we can view this result as pleasing."
Throughout the year, The Greenery opted to keep the prices paid to its member growers as high as possible, despite pressure on its selling prices to customers, it said in a press release.
The Greenery regards 2007 as an exceptional year, during which time important decisions were taken and measures were implemented to strengthen the cooperative's position on the European market.
Dutch fruit and vegetable supplier The Greenery has reported what it describes as "pleasing results" for its 2007 financial year.
The group's total turnover for 2007 remained almost static at the 2006 level of 1.9bn euros, while operating profit was 10.5m euros.
However, despite pressure on prices from its customers, research costs for the implementation of a new ERP system, reorganisation provision and the construction of a new distribution centre, payments to its member growers rose by 4.1 per cent to 810m euros for the year, while the volume of produce supplied by its growers increased by 3.8 per cent.
General manager Philip Smits said: "Taking account of developments over the past year and the decisions we took to continue strengthening the position of The Greenery, we can view this result as pleasing."
Throughout the year, The Greenery opted to keep the prices paid to its member growers as high as possible, despite pressure on its selling prices to customers, it said in a press release.
The Greenery regards 2007 as an exceptional year, during which time important decisions were taken and measures were implemented to strengthen the cooperative's position on the European market.
