H1 and Q2 2015 highlights - building strong growth momentum
Overall reported growth for H1 20.7% (Q2:21.1% )
Autonomous revenue growth of 8.4% for H1 (Q2: 7.9%)
Strong autonomous own brands growth of 14.4% in H1 (Q2: 13.3%) and gaining market share
EBITE increases to €19.2 million for H1 (Q2: €6.9 million) even with significant step-up in A&P
Revolving credit facility of €100 million successfully amended and extended
Christophe Barnouin (CEO) commented: "We have made good progress on our strategy to become the leader in healthy & sustainable food in Europe in the first half of the year.
We achieved 14.4% autonomous growth on our own brands in H1 (Q2: 13.3%), significantly outgrowing a strong market and gaining share in the process (e.g. Bjorg in France has recorded its highest ever share). We have significantly increased our marketing investments in H1 and Q2 in order to drive our core brands ahead of market.
The integration of our recent new family member Abafoods is progressing well and the business is continuing to perform strongly. The Isola Bio brand has grown more than 40% year-to-date. The businesses we integrated in the last few years - Clipper and Alter Eco - are also doing well.
Our strategy is working and our focus is on further improving execution. More and more people in Europe are becoming conscious that what they eat has a major impact on their health and on our planet: A food revolution in Europe is starting and we want to play a leading role in it."
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Ronald Merckx (CFO)
Phone +31 (0)20 3122 126