Royal Wessanen Q4 and full year 2013 results

Q4 2013 highlights

  • Revenue Branded up 3.5% to €101.9 million, autonomous revenue growth was 0.5%
  • Portfolio choices to improve profitability negatively impacting revenue
  • Strategic re-segmentation to more accurately reflect different business models and strategic focus
  • Distribution and IZICO classified as discontinued operations; divestment processes under way
    • Advanced discussions with Vroegop Ruhe & Co underway regarding the sale of Natudis
  • Christophe Barnouin appointed member of the Executive Board and new CEO

Full year highlights

  • Autonomous revenue growth of (3.3)%; at Branded autonomous growth of 2.1%
  • Operating result (EBITE) down to €13.3 million
    • EBITE at Branded up 47% to €24.3 million, even after higher marketing investments
  • Revenue and profit decline at ABC due to weakness at frozen pouches segment
  • Core brands, such as Bjorg, Bonneterre and Clipper, and core categories continue to grow
  • 'Wessanen 2015' completed on plan, delivering expected cost savings
  • Dividend proposed of €0.05 (wholly in cash)

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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