Wessanen H1 and Q2 2017 interim results: Sustaining healthy, profitable, branded growth
July 25 2017 - 1:00AM
Sustaining healthy, profitable, branded
growth H1 and Q2 2017
highlights
- Reported revenue growth of 14.0% for
H1 (Q2: 12.7%)
- Own brands autonomous growth of 7.8%
in H1 (Q2: 6.5%)
- EBITE increases by 22.4% to €30.6
million for H1 (Q2: €11.6 million)
CEO Statement
Christophe Barnouin (CEO) commented: "We have
managed to sustain healthy profitable growth throughout the first
half of 2017. Many of our own brands are growing at strong
double-digit levels in H1 while the Private Label and Distribution
brands have declined by close to 20% in line with our strategy.
The turn-around of our Germany business is on
track, on the back of extended listings in the Grocery channel
(especially drug stores) and successful restructuring
activities.
Integration of our acquisitions from 2016 is
progressing well and key operations projects are delivering fuel to
re-invest into the growth of our brands.
Profitability of our business has further
increased and EBITE is up 22.4% delivering an EBITE margin of
9.4%.
For the first time ever we have run a program for
Organic Start ups ("Organic Food against Climate Change") in
cooperation with Triodos Bank in order to support change in the
Food market beyond our own business.
We remain confident that 2017 will be yet another
year of healthy, sustainable and profitable growth for
Wessanen."
Analyst & investor meeting
At 10h00 CET, an analyst & investor call will
be hosted by Christophe Barnouin (CEO) and Ronald Merckx (CFO). The
dial-in number is +31 (0)20 531 5843. 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 +31.20.3122.126
Email
Ronald.Merckx@wessanen.com
Twitter @Wessanen_250
Important dates
24-10-2017
Publication Q3 2017 trading update
For PDF click here
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wessanen via Globenewswire
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