May 2 (Reuters) - GREENYARD NV:
* GREENYARD UPDATES THE MARKET ON ITS FY RESULTS PER 31 MARCH 2018
* PRE-ANNOUNCES PRELIMINARY ANNUAL RESULTS WHICH SHOW A MODEST DROP OF FY REBITDA COMPARED TO LAST YEAR
* EXPECTS FY REBITDA TO LAND AT ABOUT EUR 140.0M, SHOWING DROP OF 4% COMPARED TO LAST YEAR’S LEVEL
* PROFIT BEFORE TAX IS EXPECTED TO IMPROVE TO CIRCA € 5.0M, COMPARED TO € 0.8M LAST YEAR
* HEIN DEPREZ, CEO OF GREENYARD SAYS ‘GREENYARD’S PRELIMINARY ANNUAL RESULTS DO NOT MEET OUR EXPECTATIONS
* REMAINS CONFIDENT TO REALISE INCREASE OF 10% IN REBITDA FOR CURRENT YEAR 18/19, STARTING APRIL 1, 2018
* EXPECTS FY NORMALISED NET DEBT/REBITDA AT C. 2.8X Source text for Eikon: Further company coverage: (Gdynia Newsroom)
