Q1 2011: Wessanen off to a good start
(Thomson Reuters ONE) -
Q1 2011 highlights
* Revenue¹ up 3.6% to ?178.8 million, autonomous growth² 0.2%
* Autonomous² revenue growth Wessanen Europe Grocery 5.9% and
Wessanen Europe HFS (6.1)%
* Ongoing focus to improve operations in areas such as brand activation and
central sourcing
* Normalised operating result (EBIT) increased to ?7.0 million, driven by
Wessanen Europe Grocery
* Market share gains for leading Grocery brands such as Bjorg, Whole Earth and
Zonnatura
* Net debt ?36.7 million; 45% below last year's comparable figure
1) From continuing operations; 2) Including adjustments for currency effects,
acquisitions and trading days
CEO Statement
Piet Hein Merckens, Wessanen CEO, comments: "We started 2011 as a stronger, more
focused organic food company. Our first quarter reinforces this picture with
numerous good initiatives underway. Innovations and brand activation further
advanced with campaigns like 'Zonnatura biorhythm' and new products such as
'Bjorg lunchboxes' and 'Allos Frucht Pur'. Our grocery brands Bjorg, Kallo,
Whole Earth and Zonnatura continued to gain market share. Our central sourcing
efforts are also starting to pay off, contributing to offset increased raw
material costs, and - where needed - we were in general successful in raising
prices.
On the other hand, we still have to improve in various areas and businesses,
notably in HFS. The plans are in place and actions are taken, like the start of
nationwide distribution capability of fresh products in the Netherlands.
Furthermore, we decided for a managed withdrawal from Grocery in Belgium.
Recognising that more of our operational profit is generated in the first half
of the year due to seasonal effects, I expect to see a step-by-step improvement
of our sales and, subsequently, earnings performance as a result of these plans
and actions. I am convinced that we are on the right track and we will see the
first evidence in 2011 with more to come in the years ahead."
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For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 123 556 58
Email carl.hoyer(at)wessanen.com / investor.relations(at)wessanen.com
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Source: Royal Wessanen nv via Thomson Reuters ONE
[HUG#1509870]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 53957
Anzahl Zeichen: 3131
contact information:
Town:
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Kategorie:
Business News
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