Utrecht, February 25, 2010
Wessanen 2009: a year of refocusing
Q4 2009 highlights
Tree of Life, Inc. divestment completed in January 2010, transaction price USD
190 million
Divestment of three smaller non-core companies, in line with chosen strategic
direction
Revenue from continuing operations down 4.9% to EUR 169 million (autonomous
decline of 2.9%)
Wessanen Europe autonomous revenue decline of 0.7% (growth in France, other
markets weak)
Operating result (EBIT) of EUR 43.7 million negative, mainly due to impairment
charges and non-recurring items; underlying operating result of EUR (0.5)
million
Net result EUR (112) million, largely as a result of (in)tangible asset and
deferred tax asset impairments and book loss on divestment
Full year 2009 highlights
2009 a year of considerable change and transformation for Wessanen to
re-establish focus
Large and important steps taken (strategy, divestments, organisation,
management) to focus on Organic markets in Europe
Search for new CEO successfully completed: Piet Hein Merckens to start at
Wessanen per 1 April 2010 and to become CEO per 1 June 2010
Revenue from continuing operations EUR 703 million, down 2.9% autonomously
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