Dutch fresh produce giant The Greenery has described its 2007 results as "pleasing" despite failing to increase turnover.
The company, which supplies UK retailers through subsidiary The Greenery UK, said it expected turnover to be similar to 2006's €1.9bn (£1.5bn), and operating profit to be €10.5m.
It said a combination of price pressure from customers, research costs for the implementation of a new ERP system, construction of a new distribution centre and a 4% increase in payments to its members and growers had made it a particularly challenging year.
"Taking account of developments over the past year and the decisions we took to continue strengthening our position, we can view this result as pleasing," said general manager Philip Smits.
The company has taken steps to strengthen its position in Europe over the past year, with new logistics arrangements, a results improvement programme and the roll-out of category management.