Wessanen Q4 and FY 2015 results: Growing strongly, sustainably and profitably

Growing strongly, sustainably and profitably

Turn around to pure player in Healthy & Sustainable Food in Europe completed.

Q4 2015 highlights

  • Revenue growth of 25.4%
  • Strong autonomous growth in own brands (13.6%) and core categories (14.8%), mainly volume driven
  • EBITE of €6.1 million (2014: €1.3 million)
  • Net cash position of €17.5 million, up €15.5 million versus end Q3 2015

Full year 2015 highlights

  • Revenue growth of 21.6% to €523.0 million; autonomous revenue growth of 9.4%
  • Strong autonomous growth in own brands (13.3%) and core categories (11.1%)
  • EBITE up 47% to €34.7 million (6.6% of Revenue) while marketing investments were up strongly
  • Dividend proposal of €0.11 per share for the year 2015

CEO statement

Christophe Barnouin (CEO) commented: "2015 was a good year for us. 250  years after the company was founded we managed to outgrow a strongly growing market with most of our own brands and delivered overall autonomous growth of 9.4%.  We significantly invested in building stronger brands yet delivered a 47% increase of EBITE for the year. The integration of Abafoods is progressing very well. Our efforts to upgrade our operations are bearing fruit and we are sharpening our profile as one of very few fully focussed, listed companies in healthy and sustainable food.
A food revolution is underway as people switch from "Big Food" to healthier, more sustainable alternatives. We have only just seen the beginning of a long term trend and we are in a unique position to contribute to its development."

Analyst & investor meeting
At 10h00 CET, an analyst & investor meeting will be hosted by Christophe Barnouin (CEO) and Ronald Merckx (CFO) at the Wessanen office in Amsterdam. The meeting can be followed via a live audio webcast at www.wessanen.com. Those unable to attend can participate using the following telephone number: +31(0)20 721 9157 or toll free at 0800 222 330 (no access code).

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

Media, investor & analyst enquiries
Ronald Merckx (CFO)
Phone   +31 (0)20 3122 126
Email    ronald.merckx@wessanen.com
Twitter   @Wessanen_250

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