Wessanen Q1 2016 trading update: Strong profitable sustainable growth
Trading update Q1 2016: Strong profitable sustainable growth
Q1 2016 highlights
o Autonomous revenue growth of 9.3%
o EBITE increases to 14.1million (9.9% of revenue)
CEO Statement
Christophe Barnouin(CEO) commented: We had a good start in 2016 and our growth momentum on core brands and categories has continued. A&P investments have been slightly ahead of Q1 last year and still we delivered a further increase in EBITE. Performance of Isola Bio and recently integrated Piramide are in line with plans. We have further gained share on key brands in a growing market.
We are positive that 2016 will be yet another year where more consumers will shift to healthier and more sustainable food and we are in a good position to drive and benefit from this trend.
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 20 716 8250 (toll free 0800 022 2330) - please quote "Wessanen". 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 +31.20.3122.124
Ronald.Merckx@wessanen.com
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
