Q2 2011: Wessanen fitter and more focused
(Thomson Reuters ONE) -
Q2 2011 highlights
* Normalised EBIT ?11.8 million, up 8.3%
* Increased focus due to sale of Tree of Life UK and Kalisterra
* Improved brand strength within Grocery
CEO Statement
Piet Hein Merckens, Wessanen CEO, comments: "Our second quarter reconfirmed the
continuous progress we are making as a company. The strategy is clear, we are
more focused and in better shape and we have stronger market positions, although
we still have to improve our performance in multiple areas. Increasingly we are
implementing one consistent way of working in different areas such as brand
activation, innovation process, central sourcing, operational excellence and
ICT.
Despite a subdued European economy, awareness and appreciation for organic food
continue to grow. Wessanen is well-placed to benefit due to its European
presence and strong pioneering organic brands. Our Grocery operations continue
to grow, driven by a focus on our core brands, innovations, brand activation and
more consistent execution.
Our HFS wholesale operations had another challenging quarter, while the branded
activities performed satisfactorily. Numerous initiatives are undertaken to
address the various issues and take the necessary steps. Although our behaviour
is focused and consistent, we expect results to improve gradually since reaching
the consumer and building brands within the HFS channel requires patience. By
selling Tree of Life UK and the agreed sale of Kalisterra, we created more focus
on high value added activities within wholesaling
ABC has performed strongly in the first half. They are showing continued
progress, which is expected to continue based on current momentum and sound
plans in place. We previously flagged our intention to divest ABC this year. We
are on track with our internal preparations and we expect clarity in the course
of the second half of the year on how to proceed.
Our strategy is clear and we have a strong team to execute it. It feels we got
the right people on the bus to make our strategy work and execute flawlessly. I
am pleased with the appointment of Ronald Merckx as our new CFO and my colleague
in the Executive Board and our new hires to lead our marketing and export
activities.
Given the performance in the second quarter, our many initiatives underway and
the growth markets we operate in, I am confident that we are well on track to
further improve our performance."
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For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 123 556 58
Emailcarl.hoyer(at)wessanen.com / investor.relations(at)wessanen.com
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Source: Royal Wessanen nv via Thomson Reuters ONE
[HUG#1533655]
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 56732
Anzahl Zeichen: 3593
contact information:
Town:
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Kategorie:
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