Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 21 April 2017

Wessanen Q1 2017 trading update: Strong profitable branded growth

Wessanen    

Published: 07:00 CEST 21-04-2017 /GlobeNewswire /Source: Wessanen / : WES /ISIN: NL0000395317

Wessanen Q1 2017 trading update: Strong profitable branded growth

Trading update Q1 2017: Strong profitable branded growth

Q1 2017 highlights

  • Reported revenue growth of 15.2%

  • Autonomous growth own brands of 9.2%

  • EBITE increases to €19.0 million (EBITE margin of 11.5%)

CEO Statement

We had a good start in 2017 and have achieved strong autonomous growth of our own brands and a significant increase in EBITE, partly as a result of different A&P phasing compared to prior year. Many of our own brands grew at double digit-levels and overall, own brands have grown 9.2%. As communicated earlier, the share that Private Label and Distribution brands have of our business has reduced further, which has offset total growth in the quarter to an extent.

We are pleased with the performance of our newly acquired businesses and integration is proceeding as planned.

We are confident that 2017 will be yet another year of healthy, sustainable and profitable growth for Wessanen.

Analyst & investor meeting

At 10h00 CET, a conference call for analysts, investors, and media will be hosted by Ronald Merckx (CFO). The dial-in number is +31 20 531 5871. 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 (0)20 3122 126

Email    ronald.merckx@wessanen.com

 

Twitter   @Wessanen_250

 

Important dates 2017

25-07-2017  Publication Q2 2017 interim results

24-10-2017  Publication Q3 2017 trading update

 

 

 



For PDF click here



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Wessanen, P.O. Box 12795, AT Amsterdam Zuidoost 1100, The Netherlands
If you would like to unsubscribe and stop receiving these e-mails click here.