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)
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)
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