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)
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.”
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.
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