Wessanen H1 and Q2 2016 results - strong growth and increased profitability
(Thomson Reuters ONE) -
H1 and Q2 2016 highlights
* Autonomous growth of 8.6% for H1 (Q2: 8.0%)
* Own brands growth of 9.9% in H1 (Q2: 10.3%)
* EBITE increases by 30.2% to ?25.0 million for H1 (Q2: ?10.9 million)
CEO Statement
Christophe Barnouin (CEO) commented: "We are continuing to make good progress on
the execution of our strategy and have achieved strong growth and increased
profitability.
We achieved 9.9% autonomous growth on our own brands in H1 (Q2: 10.3%). Market
development has overall continued to be favourable albeit at different levels
across the countries.
We have been successful at completing two further acquisitions, one in the 2nd
quarter and another one right at the start of Q3. Ineobio with its Destination
brand further strengthens our position in the French Organic Store Channel with
focus on organic coffee and tea. Mrs Crimble's in the UK opens a new strategic
growth segment to us with its strong position in gluten free in-between
products. Integration plans are on track.
More and more consumers want to change to healthier and more sustainable food
and we are well placed to benefit from this long term trend."
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.
Those unable to attend in person can participate in a conference call. The dial-
in number is +31 (0)20 716 8254 (toll free 0800 222 330, no access code). There
will also be a live audio webcast via www.wessanen.com.
The press release and presentation are available for download at
www.wessanen.com.
Media, investor & analyst enquiries
Ronald Merckx (CFO)
Phone +31.20.3122.124
Ronald.Merckx(at)wessanen.com
For PDF click here:
http://hugin.info/143317/R/2030373/755207.pdf
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originality of the information contained therein.
Source: Wessanen via GlobeNewswire
[HUG#2030373]
Unternehmensinformation / Kurzprofil:
Datum: 26.07.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 485218
Anzahl Zeichen: 2621
contact information:
Town:
AT Amsterdam Zuidoost
Kategorie:
Business News
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