Q4 2013 highlights
- Revenue Branded up 3.5% to €101.9 million, autonomous revenue growth was 0.5%
- Portfolio choices to improve profitability negatively impacting revenue
- Strategic re-segmentation to more accurately reflect different business models and strategic focus
- Distribution and IZICO classified as discontinued operations; divestment processes under way
- Advanced discussions with Vroegop Ruhe & Co underway regarding the sale of Natudis
- Christophe Barnouin appointed member of the Executive Board and new CEO
Full year highlights
- Autonomous revenue growth of (3.3)%; at Branded autonomous growth of 2.1%
- Operating result (EBITE) down to €13.3 million
- EBITE at Branded up 47% to €24.3 million, even after higher marketing investments
- Revenue and profit decline at ABC due to weakness at frozen pouches segment
- Core brands, such as Bjorg, Bonneterre and Clipper, and core categories continue to grow
- 'Wessanen 2015' completed on plan, delivering expected cost savings
- Dividend proposed of €0.05 (wholly in cash)
Media, investor & analyst enquiries
Carl Hoyer (VP Corporate Communications & Investor Relations)
Phone +31 20 3122 140 / +31 6 123 556 58
Carl.hoyer@wessanen.com
