Christophe Barnouin (CEO) commented: "In 2016, we continued to make good progress on the transformation to a focused, fast growing, sustainable and profitable business. Our own brands performed ahead of a healthy market and grew 8.5%. Given that we reduced our Private Label and Distribution business, total autonomous growth was 6.0%, in-line with our long term guidance range of 5-7%. Our operating margin went up; EBITE as % of Revenue increased 60 bps to 7.2%.
In the fourth quarter we have taken further measures to restructure our German business in order to create a base for sustainable profitable growth.
We have landed four strategically important acquisitions in 2016. These will provide us with a further strengthened platform for profitable growth across core categories and geographies for the future. The market for healthy & sustainable, especially organic food continues to reflect the trend in consumer behaviour. Our strategy execution is on track and we are playing a leading role in helping consumers across Europe to change to Healthier Food for Healthier People and Planet.
12-04-2017 AGM (14h00 CET)
21-04-2017 Publication Q1 2017 trading update
25-07-2017 Publication Q2 2017 interim results
24-10-2017 Publication Q3 2017 trading update
At 10h00 CET, an analyst & investor meeting will be hosted by Christophe Barnouin (CEO) and Ronald Merckx (CFO) at the Wessanen office in Amsterdam. The meeting can be followed via a live audio webcast at www.wessanen.com. Those unable to attend can participate using the following telephone number: +31(0)20 531 5863.
The press release and presentation are available for download at www.wessanen.com.
Ronald Merckx (CFO)
Phone +31 (0)20 3122 126
Email ronald.merckx@wessanen.com
Twitter @Wessanen_250
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