Wessanen Q1 2017 trading update: Strong profitable branded growth

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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 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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Thomson Reuters: 06:01 GMT Friday 21st April 2017

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