Q1 2012: Wessanen taking further steps on transformational journey
(Thomson Reuters ONE) -
Q1 2012 highlights
* Autonomous growth driven by Grocery and ABC
* Clipper, UK market leader in organic and fair-trade teas, strengthening
brand portfolio
CEO Statement
Piet Hein Merckens (CEO) comments: "In the first quarter we have continued to
set further steps on our transformational journey to build our European organic
business. We witnessed comparable trends as seen last year. While European
consumer confidence remains low and the economy subdued, the market for organic
food continued to develop relatively favourably. Grocery, ABC and Frozen Foods
all showed a good performance growing sales. This contrasts to HFS for which we
are implementing multiple improvements. These will gradually translate in
improvements in top-line and earnings. Central sourcing initiatives and pricing
discipline both contributed to an improving gross margin.
Our operating result decreased due to higher operating costs. We continue to
invest in ICT by rolling out SAP and in marketing to strengthen and grow our
brands. We worked on filling the innovations pipeline and building our brands
for example by airing a new Bjorg commercial and the Zonnatura follow-up
activation campaign. Step-by-step we are becoming a stronger more focussed
company building its organic brands in Europe."
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For more information
Carl Hoyer, VP Corporate Communications
Telephone +31 (0)20 3122 142 / +31 (0)6 1235 5658
Email carl.hoyer(at)wessanen.com / investor.relations(at)wessanen.com
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Source: Royal Wessanen nv via Thomson Reuters ONE
[HUG#1606701]
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Datum: 27.04.2012 - 01:15 Uhr
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