D.E MASTER BLENDERS 1753: Results Fiscal Year 2012
(Thomson Reuters ONE) -
Full Press Release PDF
Good Performance in Transitional Year
Amsterdam, August 28, 2012
Financial Highlights Fiscal Year 2012
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* Total segment sales up 9.5%, like for like[1]; reported sales up 7.6%
* Underlying[2] EBIT margin at 12.3%, compared to 12.4% in the prior year
* Cost savings programs well underway
* Normalized earnings per share[2] at ? 0.45
* Brazilian internal investigation largely completed; no additional material
new findings identified[3]
Financial Highlights Fourth Quarter Fiscal Year 2012
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* Strong rebound of underlying[2] volume growth from (4.4)% in Q3 to +1.2% in
Q4
* Total segment sales up 6.5% like for like[1]; reported sales down (0.7)%
* Consumer prices and competitive price position remained stable versus Q3
[1] Like for like (LFL) growth is at constant scope of consolidation and
constant exchange rates
[2] This represents a non-IFRS measure. The reason for the inclusion of the
measure along with the definition and reconciliation to the comparable IFRS
measure can be found in appendix 1 of this release
[3] More information can be found on page 5
Forward-Looking Information
The statements contained in this document that are not historical facts are
forward-looking statements within the meaning of the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995. In addition, from
time to time, in oral and written statements, representatives of D.E MASTER
BLENDERS 1753 (the Company) discuss their expectations by making forward-looking
statements regarding the Company. Forward-looking statements are generally but
not always preceded by terms such as "intends", "expects", "projects",
"anticipates", "likely" or "believes". Forward-looking statements represent only
the Company's beliefs regarding the future many of which are by their nature
inherently uncertain. The Company's actual results may differ, possibly
materially, from those expressed or implied in the forward-looking
statements. Consequently, the Company wishes to caution readers not to place
undue reliance on any forward-looking statements. Among the factors that could
cause the Company's actual results to differ from such forward-looking
statements are those described in the Registration Statement on Form F-1
(Registration No. 333-179839) filed by the Company with the Securities and
Exchange Commission, including the Company's ability to transition successfully
to a stand-alone operation, ongoing trends in the marketplace that affect the
price and demand for the Company's products, the cost and availability of raw
materials as well as the outcome of the Company's internal investigation
relating to its operations in Brazil and the impact of the restatement of
historical financial results. The Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new information,
future events or otherwise. This press release is based on preliminary figures
for fiscal year 2012. The preliminary figures for fiscal year 2012 have not
been audited. This press release is issued while the earlier announced
investigation in Brazil has not yet been finalized. However, the company does
not expect any further material adverse finding as a result thereof.
# # #
About D.E MASTER BLENDERS 1753
D.E MASTER BLENDERS 1753 is a leading pure-play coffee and tea company that
offers an extensive range of high-quality, innovative products through well-
known brands such as Douwe Egberts, Senseo, L'OR, Pilão, Merrild, Moccona,
Pickwick and Hornimans in both retail and out of home markets. The company
holds a number of leading market positions across Europe, Brazil, Australia
and Thailand and its products are sold in more than 45
countries. D.E MASTER BLENDERS 1753 generated sales of more than ? 2.6
billion in fiscal year 2011 and employs around 7.500 people worldwide. For
more information, please visit www.demasterblenders1753.com.
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Contact Investor Relations Corporate Communications
Robin Jansen Michiel Quarles van Ufford
+31 20 558 1014 +31 20 558 1080
investor-relations(at)DEMB.com media-relations(at)DEMB.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: D.E MASTER BLENDERS 1753 via Thomson Reuters ONE
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