Royal Wessanen Q1 2014 trading update

Q1 2014 highlights

  • Autonomous third party revenue growth at Branded 4.1%, ABC (8.9)%
  • EBITE increased 15% to €9.3 million; Branded contributing most to the increase
  • Divestment of discontinued operations progressing well: sale of Natudis closed; IZICO signed

CEO statement

Christophe Barnouin (CEO) commented: "We are off to a good start in 2014. Firstly, we are making clear progress in divesting the businesses classified as discontinued operations. We completed the divestment of Natudis in the Benelux and we have an agreement for the sale of IZICO.

Furthermore, our Branded business performed well growing its core brands and categories. The demand for healthy and sustainable food continues to grow, driven by an ever increasing appetite and appreciation of consumers for its benefits. We are well positioned within our niche markets to further grow our brands such as Bjorg, Bonneterre and Alter Eco in France, Zonnatura in the Netherlands, Allos in Germany and Clipper and Tartex all across Europe.

We actively focus on the quality of our Branded revenue which includes some additional pruning of our product portfolio. We continue to invest in our routes to market and increase our marketing investments to activate our brands. For 2014, we expect to increase our profitability, driven by better results at both Branded and ABC."

Analyst & investor meeting

At 10h00 CET, an analyst, investor & media conference call  will be hosted by Ronald Merckx (CFO) and Carl Hoyer (VP Corporate Communications). The dial-in numbers are +31.20.794.8504 or 0800.265.8526 (toll free) (no access code). A live audio webcast of the conference call can be followed via www.wessanen.com. The press release and presentation will be available for download at www.wessanen.com.

Media, investor & analyst enquiries

Carl Hoyer (VP Corporate Communications & Investor Relations)

Phone    +31 20 3122 140 / +31 6 123 556 58

Carl.hoyer@wessanen.com

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