Wessanen Q3 results: Maintaining strong growth momentum

Maintaining strong growth momentum

Q3 highlights:   

  • Overall reported growth 19.1%
  • Autonomous revenue growth of 7.7% and strong autonomous own brands growth of 10.9%
  • EBITE increases by 93% to €9.4 million driven by growth, A&P phasing and inclusion of Abafoods

Christophe Barnouin (CEO) commented: "Q3 has confirmed the positive trend we have seen over the past quarters. The demand for healthy and sustainable food continues to be strong and our brands are  gaining market share. This is based on a stronger marketing execution and significant investments above and below the line.

We continue to see record share levels for Bjorg in France, we have achieved market leadership in peanut butter and savoury biscuits in the UK, Allos in Germany is growing at twice the rate of the organic market in Germany and Zonnatura in the Netherlands is about to enter the list of the 100 biggest food brands in the country.

The shift from "Big Food" to Healthy and Sustainable Food is a major trend of our time and more and more consumers are joining every day."


Analyst & investor meeting
At 10h00 CET, a conference call for analysts, investors, and media will be hosted by Ronald Merckx (CFO). The dial-in number is +31 20 716 8251 (toll free 0800 022 2330) - please quote "Wessanen". There will also be a live audio webcast via www.wessanen.com.

The press release and presentation are available for download at www.wessanen.com.

Media, investor & analyst enquiries

Ronald Merckx (CFO)
Phone   +31.20.3122.124
Ronald.merckx@wessanen.com

   
For PDF click here



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