Solid results confirm recovery Wessanen

Amstelveen, August 31, 2005

Highlights Second Quarter 2005

EBITAE on track (EUR 19.3 million) to realize year-end target; outlook refined Net sales down to EUR 477.8 million due to deliberately terminated turnover, the continued decline in low-carb sales and currency impact Acquisitions and new business initiatives starting to take off Earnings per share EUR 0.16 versus EUR 0.22 (including EUR 0.11 one-off interest swap result) Interim dividend increased to EUR 0.20 (EUR 0.15 at HY-04) CEO statement Ad Veenhof, Wessanen CEO, said: “Our results illustrate that we are on the right track. We have substantially reduced our costs and we are on stream with brand innovations and strategic business portfolio initiatives. We will continue to follow this path, making sure this new base will be translated in sustainable growth and deliver healthy results.” Outlook Wessanen refines its EBITAE expectation to a bandwidth between EUR 72 to 78 million. This outlook is based upon the expected EBITAE improvement in the second half of 2005 on the one hand, and the impact of high oil prices on raw materials and increasing price pressure in Private Label markets on the other. Wessanen's US Distribution activities is expected to be profitable over 2005. For related presentations, please go to the Presentations overview on this website. For more information, please contact Corporate Communications, phone +31 (0)20 547 95 28 e-mail
3_1_media_press_releases_051109.pdf (205 Kb)
3_1_media_press_releases_050831.pdf (212 Kb)

Back to press releases