Royal Wessanen reported its Q2 2011 results. Revenue increased 1.1% to €195.7 million, with 2.3% autonomous growth. Normalized EBIT increased 8.3% to €11.8 million. Grocery revenue grew 7.2% driven by brands like Bjorg and Biorganic. HFS revenue declined 5.9% due to fewer stores. Frozen Foods revenue declined 2.8% on lower private label volumes. ABC revenue grew 7.8% on continued Daily's success. The company remains focused on its strategy and improving performance across regions.
Royal Wessanen focused its portfolio on organic food between 2009 and 2012, selling off non-core brands. In 2012, it reported revenue of €710.8 million but an operating loss of €45.8 million due to impairment charges. It is implementing a transformation program called "Wessanen 2015" to become more profitable and efficient by focusing on its core brands and categories, simplifying processes, and addressing underperforming business areas. Royal Wessanen's vision is to build the most desired organic brands in Europe by offering products that are healthy, ethical, sustainable, functional, and authentic tasting.
Vigor Alimentos S.A. is a Brazilian food company that has grown over 94 years. The document discusses Vigor's competitive advantages including resilient dairy markets, diversified product portfolio, strong brands, and experienced management. Financial highlights show Vigor has systematically outperformed market growth rates. The company aims to further expand its distribution network and geographic presence while maintaining excellence in production processes and corporate governance.
Fernand de Boer on the topic "Ahold: A bargain within a sector for sale"Vlerick_Alumni
Ahold is a bargain within the food retail sector. It is a €30 billion food retailer operating primarily in the northeastern US and Netherlands. Ahold trades at a significant discount to its peers despite having higher organic growth, above average margins, and a very solid balance sheet. Valuing Ahold in line with its sector peers suggests its share price could increase over 35% to over €11 per share.
Royal Wessanen reported financial results for Q3 2011. Revenue increased 0.5% to €174.3 million due to 8.0% autonomous growth, partially offset by divestments. Normalized EBIT improved to €6.2 million from €1.6 million in Q3 2010. The Grocery, ABC, and HFS segments showed strong performance, while Frozen Foods focused on sales growth and cost management. Royal Wessanen remains cautiously optimistic about further progress in executing its strategy and solidifying brand positions.
Wessanen reported revenue of €711 million in 2012, a 0.7% increase over 2011. EBIT before exceptionals was €19 million, down from €23.7 million in 2011. The Grocery segment continued to perform well with 4.6% autonomous growth in 2012. However, performance in the Health Food Stores and IZICO segments was disappointing. A broad restructuring was initiated to build a more integrated European company.
Providência USA reported strong 1Q 2012 results, with record production levels and sales volume growth of 15.5% year-over-year. Net revenue increased 21.1% to R$139.4 million driven by higher sales and price increases. Adjusted EBITDA grew 30.6% to R$28.9 million. The company expects further sales growth in 2012 from two new production lines coming online, increasing annual capacity to 140,000 tons.
Britvic is the second largest branded soft drinks company in Britain and Ireland and has international operations in France, exporting to over 80 countries. It produces a range of carbonated soft drinks, still drinks, juices and squash under brands such as Robinsons, Tango, J2O, Drench, and MiWadi. Britvic aims to grow through innovation, expanding its brand portfolio internationally through franchising agreements and acquisitions.
The document provides an agenda and overview of Barry Callebaut's half-year results presentation for 2010/11. It summarizes key highlights including 7.1% sales volume growth outpacing the market, a 17.1% increase in net profit in local currencies, and growth across all regions. Raw material prices were at high levels but the company's cost-plus business model proved robust. The improved combined cocoa ratio also positively impacted profits.
Royal Wessanen focused its portfolio on organic food between 2009 and 2012, selling off non-core brands. In 2012, it reported revenue of €710.8 million but an operating loss of €45.8 million due to impairment charges. It is implementing a transformation program called "Wessanen 2015" to become more profitable and efficient by focusing on its core brands and categories, simplifying processes, and addressing underperforming business areas. Royal Wessanen's vision is to build the most desired organic brands in Europe by offering products that are healthy, ethical, sustainable, functional, and authentic tasting.
Vigor Alimentos S.A. is a Brazilian food company that has grown over 94 years. The document discusses Vigor's competitive advantages including resilient dairy markets, diversified product portfolio, strong brands, and experienced management. Financial highlights show Vigor has systematically outperformed market growth rates. The company aims to further expand its distribution network and geographic presence while maintaining excellence in production processes and corporate governance.
Fernand de Boer on the topic "Ahold: A bargain within a sector for sale"Vlerick_Alumni
Ahold is a bargain within the food retail sector. It is a €30 billion food retailer operating primarily in the northeastern US and Netherlands. Ahold trades at a significant discount to its peers despite having higher organic growth, above average margins, and a very solid balance sheet. Valuing Ahold in line with its sector peers suggests its share price could increase over 35% to over €11 per share.
Royal Wessanen reported financial results for Q3 2011. Revenue increased 0.5% to €174.3 million due to 8.0% autonomous growth, partially offset by divestments. Normalized EBIT improved to €6.2 million from €1.6 million in Q3 2010. The Grocery, ABC, and HFS segments showed strong performance, while Frozen Foods focused on sales growth and cost management. Royal Wessanen remains cautiously optimistic about further progress in executing its strategy and solidifying brand positions.
Wessanen reported revenue of €711 million in 2012, a 0.7% increase over 2011. EBIT before exceptionals was €19 million, down from €23.7 million in 2011. The Grocery segment continued to perform well with 4.6% autonomous growth in 2012. However, performance in the Health Food Stores and IZICO segments was disappointing. A broad restructuring was initiated to build a more integrated European company.
Providência USA reported strong 1Q 2012 results, with record production levels and sales volume growth of 15.5% year-over-year. Net revenue increased 21.1% to R$139.4 million driven by higher sales and price increases. Adjusted EBITDA grew 30.6% to R$28.9 million. The company expects further sales growth in 2012 from two new production lines coming online, increasing annual capacity to 140,000 tons.
Britvic is the second largest branded soft drinks company in Britain and Ireland and has international operations in France, exporting to over 80 countries. It produces a range of carbonated soft drinks, still drinks, juices and squash under brands such as Robinsons, Tango, J2O, Drench, and MiWadi. Britvic aims to grow through innovation, expanding its brand portfolio internationally through franchising agreements and acquisitions.
The document provides an agenda and overview of Barry Callebaut's half-year results presentation for 2010/11. It summarizes key highlights including 7.1% sales volume growth outpacing the market, a 17.1% increase in net profit in local currencies, and growth across all regions. Raw material prices were at high levels but the company's cost-plus business model proved robust. The improved combined cocoa ratio also positively impacted profits.
Q1 2011 highlights
• Revenue +3.6% to €178.8 million,
• Autonomous² revenue growth Wessanen Europe Grocery 5.9% and HFS (6.1)%
• Ongoing focus to improve operations in areas such as brand activation and central sourcing
• Normalised operating result (EBIT) increased to €7.0 million, driven by Wessanen Europe Grocery
• Market share gains for leading Grocery brands such as Bjorg, Whole Earth and Zonnatura
• Net debt €36.7 million; 45% below last year’s comparable figure
Royal Wessanen nv reported financial results for Q3 2011. Autonomous revenue growth was 8.0% driven by strong performances in Grocery and ABC segments. Normalized EBIT increased to €6.2 million due to revenue growth and higher margins. Going forward, the company remains cautiously optimistic as it continues executing its strategy to improve performance across business segments.
This document provides a quarterly report for Royal Wessanen nv. It summarizes the company's Q2 2013 performance and initiatives under its 'Wessanen 2015' plan. Key points include: consumer trends favoring healthy and sustainable foods, progress reducing costs and complexity, and mixed business performance across regions. The grocery business in France grew while other areas struggled. The health food stores business grew volumes and margins. The 'Wessanen 2015' restructuring is on track to realize €15 million in annual savings. The ABC business in North America significantly underperformed due to declines in its daily pouches product.
Wessanen agm 16 april 2013 presentationKlaus Arntz
Royal Wessanen nv held its Annual General Meeting of Shareholders on April 16, 2013 to discuss the company's performance in 2012 and strategic plans. [1] The company focused its portfolio on organic food between 2009 and 2012, selling off non-core brands and categories. [2] In 2012, Wessanen reported revenue of €710.8 million but an operating loss of €45.8 million due to impairment charges. [3] The company launched a transformation program called "Wessanen 2015" to make the business more focused, efficient and profitable.
Wessanen ppt at ing benelux conf sept2013Klaus Arntz
Wessanen presentation we are to give to investors at ING Benelux Conference on Thursday 12 September 2013. Highlighting strategy, markets we operate in, Q2 and year-to-date figures and our sustainability performance
Royal Wessanen is a leading organic food company in Europe that generated €594 million in revenue in 2011. It operates brands in France, Benelux, UK, Germany, and Italy. The company aims to increase revenue through core brand and category growth, expansion into new markets, and strategic acquisitions. Royal Wessanen holds a top position in the European organic food market and seeks to strengthen its brands and profitability through sourcing savings, pricing strategies, and operational excellence.
This document summarizes an investor presentation for Wessanen, a European company focused on healthy and sustainable food. It discusses Wessanen's Q1 2014 financial results which showed revenue growth and improved profitability. It outlines Wessanen's strategy to focus on core brands, increase marketing investments, pursue selective acquisitions, and optimize operations to drive further growth and create shareholder value. Key metrics including financial guidance for 2014, the company's portfolio of local brands, and its position in growing markets for organic and vegetarian food are also summarized.
Wessanen held an analyst and investor meeting to discuss Q4 and full year 2013 results. Key highlights included:
- 2013 revenue of €508.5 million with branded products accounting for 80% of revenue.
- Completion of the 'Wessanen 2015' restructuring plan which realized €15 million in annual cost savings.
- Divestment processes were initiated for non-core businesses IZICO, Natudis and Biodistrifrais to be completed in 2014.
- Five strategic priorities were outlined to drive future value creation including growing market share of core brands, selective acquisitions, upgrading operations, and fostering an entrepreneurial culture.
Royal Wessanen reported its results for the second quarter of 2012. Revenue declined 2% to €150.8 million due to subdued European economies and low consumer confidence. The company continued investing in its core brands and categories to drive growth. Results were mixed by segment, with Grocery performing well but Health Food Stores disappointing. Wessanen is transforming to focus fully on organic products and divesting non-core businesses.
PubliGroupe reported a net profit of CHF 14.9 million for the first half of 2011, with operating results (EBIT) improved 23% compared to the same period last year. Online revenue grew 13% driven by strong performance from Zanox and Namics. While sales were lower overall due to print and TV declines, the digital marketing services segment showed a solid operating performance led by its online marketing companies Zanox and Namics.
The document discusses Coca-Cola Enterprises' (CCE) priorities for 2010, including driving growth in North America and Europe. In North America, CCE aims to proactively manage through the dynamic environment, evolve price/package architecture, and enhance in-store execution. In Europe, CCE seeks to grow its Red, Black and Silver brands and portfolio, improve customer-centric supply chain, and expand boost zones. CCE also emphasizes corporate responsibility and sustainability initiatives around water stewardship, packaging/recycling, and diversity. Financially, CCE targets consistent earnings growth, maximizing free cash flow, and increasing returns.
Rabobank Consumer Staples Conference Milan June2012Klaus Arntz
Presentation for investors at annual Rabobank Consumer Staples Conference in Milan late June.
it includes slides on sustainability, supply chain and 'what is organic?!'
Royal Wessanen is a leading organic food company incorporated in 1765 and headquartered in Amsterdam. In 2011 it generated €706 million in revenue with 2,000 employees. It operates mainly in Western Europe under brands like Bjorg, Whole Earth, and Zonnatura. Its strategic objectives for 2012-2014 are top line growth through expanding core brands and markets, improving profitability through sourcing savings and operational excellence, and enabling growth through talent management and business simplification.
Royal Wessanen is a leading organic food company incorporated in 1765 and headquartered in Amsterdam. In 2011 it generated €706 million in revenue with 2,000 employees. It operates mainly in Western Europe under brands like Bjorg, Whole Earth, and Zonnatura. Its strategic objectives for 2012-2014 are top line growth through expanding core brands and markets, improving profitability through sourcing savings and operational excellence, and enabling growth through talent management and business simplification.
Royal Wessanen is a European food company headquartered in Amsterdam with over 2,200 employees. It has a long history dating back to 1765. The company focuses on organic grocery brands in Europe, with operations in Benelux, France, Germany, UK, and Italy. It also has non-core segments in frozen foods in Benelux and beverages in the US, which it intends to divest. The company aims to be the leading organic brand platform in Europe through growth, acquisitions, and improving profitability.
The document summarizes Ageas's financial results for the first half of 2011. Key points include:
- Insurance performance was solid before the Greek sovereign debt impairment, which reduced the group net result slightly. Solvency ratios and shareholders' equity remained strong and stable.
- Net exposure to sovereign debt from Portugal, Italy, Greece and Spain was reduced further.
- The insurance combined ratio improved to 101.2%, and life and non-life insurance inflows were €6.5 billion and €2.4 billion respectively.
- The general account reported a net loss of €170 million including a €130 million legacy related charge.
- Shareholders' equity was nearly stable at €2.89 per
Wessanen q4 and fy 2014 results presentationKlaus Arntz
Wessanen reported its Q4 and full year 2014 results. In 2014, Wessanen made good progress executing its strategy. It grew revenue 5.2% in Q4 and 3.4% for the full year. EBITA declined in Q4 but increased for the full year. Wessanen acquired Abafoods, strengthening its position in dairy alternatives in Italy. For 2015, Wessanen's priorities include growing its core brands, acquiring selectively, maintaining a green and entrepreneurial culture, upgrading operations, and divesting non-core assets.
H1 and Q2 2015 results for Wessanen:
- Revenue grew 21.1% in Q2 and 20.7% in H1, with autonomous revenue growth of 7.9% and 8.4% respectively.
- EBITE decreased slightly to €6.9M in Q2 but increased to €19.2M for H1, due to higher marketing expenses being partially offset by increased gross profit.
- Profit for the period was €3.5M in Q2 and €16.1M for H1, lower than the previous year due to the sale of the discontinued ABC business in 2015.
Q1 2011 highlights
• Revenue +3.6% to €178.8 million,
• Autonomous² revenue growth Wessanen Europe Grocery 5.9% and HFS (6.1)%
• Ongoing focus to improve operations in areas such as brand activation and central sourcing
• Normalised operating result (EBIT) increased to €7.0 million, driven by Wessanen Europe Grocery
• Market share gains for leading Grocery brands such as Bjorg, Whole Earth and Zonnatura
• Net debt €36.7 million; 45% below last year’s comparable figure
Royal Wessanen nv reported financial results for Q3 2011. Autonomous revenue growth was 8.0% driven by strong performances in Grocery and ABC segments. Normalized EBIT increased to €6.2 million due to revenue growth and higher margins. Going forward, the company remains cautiously optimistic as it continues executing its strategy to improve performance across business segments.
This document provides a quarterly report for Royal Wessanen nv. It summarizes the company's Q2 2013 performance and initiatives under its 'Wessanen 2015' plan. Key points include: consumer trends favoring healthy and sustainable foods, progress reducing costs and complexity, and mixed business performance across regions. The grocery business in France grew while other areas struggled. The health food stores business grew volumes and margins. The 'Wessanen 2015' restructuring is on track to realize €15 million in annual savings. The ABC business in North America significantly underperformed due to declines in its daily pouches product.
Wessanen agm 16 april 2013 presentationKlaus Arntz
Royal Wessanen nv held its Annual General Meeting of Shareholders on April 16, 2013 to discuss the company's performance in 2012 and strategic plans. [1] The company focused its portfolio on organic food between 2009 and 2012, selling off non-core brands and categories. [2] In 2012, Wessanen reported revenue of €710.8 million but an operating loss of €45.8 million due to impairment charges. [3] The company launched a transformation program called "Wessanen 2015" to make the business more focused, efficient and profitable.
Wessanen ppt at ing benelux conf sept2013Klaus Arntz
Wessanen presentation we are to give to investors at ING Benelux Conference on Thursday 12 September 2013. Highlighting strategy, markets we operate in, Q2 and year-to-date figures and our sustainability performance
Royal Wessanen is a leading organic food company in Europe that generated €594 million in revenue in 2011. It operates brands in France, Benelux, UK, Germany, and Italy. The company aims to increase revenue through core brand and category growth, expansion into new markets, and strategic acquisitions. Royal Wessanen holds a top position in the European organic food market and seeks to strengthen its brands and profitability through sourcing savings, pricing strategies, and operational excellence.
This document summarizes an investor presentation for Wessanen, a European company focused on healthy and sustainable food. It discusses Wessanen's Q1 2014 financial results which showed revenue growth and improved profitability. It outlines Wessanen's strategy to focus on core brands, increase marketing investments, pursue selective acquisitions, and optimize operations to drive further growth and create shareholder value. Key metrics including financial guidance for 2014, the company's portfolio of local brands, and its position in growing markets for organic and vegetarian food are also summarized.
Wessanen held an analyst and investor meeting to discuss Q4 and full year 2013 results. Key highlights included:
- 2013 revenue of €508.5 million with branded products accounting for 80% of revenue.
- Completion of the 'Wessanen 2015' restructuring plan which realized €15 million in annual cost savings.
- Divestment processes were initiated for non-core businesses IZICO, Natudis and Biodistrifrais to be completed in 2014.
- Five strategic priorities were outlined to drive future value creation including growing market share of core brands, selective acquisitions, upgrading operations, and fostering an entrepreneurial culture.
Royal Wessanen reported its results for the second quarter of 2012. Revenue declined 2% to €150.8 million due to subdued European economies and low consumer confidence. The company continued investing in its core brands and categories to drive growth. Results were mixed by segment, with Grocery performing well but Health Food Stores disappointing. Wessanen is transforming to focus fully on organic products and divesting non-core businesses.
PubliGroupe reported a net profit of CHF 14.9 million for the first half of 2011, with operating results (EBIT) improved 23% compared to the same period last year. Online revenue grew 13% driven by strong performance from Zanox and Namics. While sales were lower overall due to print and TV declines, the digital marketing services segment showed a solid operating performance led by its online marketing companies Zanox and Namics.
The document discusses Coca-Cola Enterprises' (CCE) priorities for 2010, including driving growth in North America and Europe. In North America, CCE aims to proactively manage through the dynamic environment, evolve price/package architecture, and enhance in-store execution. In Europe, CCE seeks to grow its Red, Black and Silver brands and portfolio, improve customer-centric supply chain, and expand boost zones. CCE also emphasizes corporate responsibility and sustainability initiatives around water stewardship, packaging/recycling, and diversity. Financially, CCE targets consistent earnings growth, maximizing free cash flow, and increasing returns.
Rabobank Consumer Staples Conference Milan June2012Klaus Arntz
Presentation for investors at annual Rabobank Consumer Staples Conference in Milan late June.
it includes slides on sustainability, supply chain and 'what is organic?!'
Royal Wessanen is a leading organic food company incorporated in 1765 and headquartered in Amsterdam. In 2011 it generated €706 million in revenue with 2,000 employees. It operates mainly in Western Europe under brands like Bjorg, Whole Earth, and Zonnatura. Its strategic objectives for 2012-2014 are top line growth through expanding core brands and markets, improving profitability through sourcing savings and operational excellence, and enabling growth through talent management and business simplification.
Royal Wessanen is a leading organic food company incorporated in 1765 and headquartered in Amsterdam. In 2011 it generated €706 million in revenue with 2,000 employees. It operates mainly in Western Europe under brands like Bjorg, Whole Earth, and Zonnatura. Its strategic objectives for 2012-2014 are top line growth through expanding core brands and markets, improving profitability through sourcing savings and operational excellence, and enabling growth through talent management and business simplification.
Royal Wessanen is a European food company headquartered in Amsterdam with over 2,200 employees. It has a long history dating back to 1765. The company focuses on organic grocery brands in Europe, with operations in Benelux, France, Germany, UK, and Italy. It also has non-core segments in frozen foods in Benelux and beverages in the US, which it intends to divest. The company aims to be the leading organic brand platform in Europe through growth, acquisitions, and improving profitability.
The document summarizes Ageas's financial results for the first half of 2011. Key points include:
- Insurance performance was solid before the Greek sovereign debt impairment, which reduced the group net result slightly. Solvency ratios and shareholders' equity remained strong and stable.
- Net exposure to sovereign debt from Portugal, Italy, Greece and Spain was reduced further.
- The insurance combined ratio improved to 101.2%, and life and non-life insurance inflows were €6.5 billion and €2.4 billion respectively.
- The general account reported a net loss of €170 million including a €130 million legacy related charge.
- Shareholders' equity was nearly stable at €2.89 per
Wessanen q4 and fy 2014 results presentationKlaus Arntz
Wessanen reported its Q4 and full year 2014 results. In 2014, Wessanen made good progress executing its strategy. It grew revenue 5.2% in Q4 and 3.4% for the full year. EBITA declined in Q4 but increased for the full year. Wessanen acquired Abafoods, strengthening its position in dairy alternatives in Italy. For 2015, Wessanen's priorities include growing its core brands, acquiring selectively, maintaining a green and entrepreneurial culture, upgrading operations, and divesting non-core assets.
H1 and Q2 2015 results for Wessanen:
- Revenue grew 21.1% in Q2 and 20.7% in H1, with autonomous revenue growth of 7.9% and 8.4% respectively.
- EBITE decreased slightly to €6.9M in Q2 but increased to €19.2M for H1, due to higher marketing expenses being partially offset by increased gross profit.
- Profit for the period was €3.5M in Q2 and €16.1M for H1, lower than the previous year due to the sale of the discontinued ABC business in 2015.
Similar to Wessanen Q2 2011 analyst&investors presentation (20)
The document summarizes Q3 2014 results for Wessanen, a European company focused on healthy and sustainable food. It reported revenue growth of 6.7% for Q3 and increased marketing spending. Core brand performance was strong with six brands growing double-digits. The company continues executing its strategy to divest non-core operations and upgrade operations to increase efficiency. Financial guidance for 2014 anticipates increased profits in the second half of the year.
- In Q1 2014, revenue grew 4.3% to €129.6 million, with autonomous growth of branded revenue at 4.1% and ABC revenue declining 8.9%.
- EBIT increased, driven mainly by growth in branded products. Good progress was made on divesting discontinued operations.
- Branded revenue was up 8% to €109.9 million, with autonomous growth of 4.1% from increased volumes of core brands.
- ABC revenue declined 12.5% to €19.7 million, with autonomous decline of 8.9%. The company remains focused on driving core brands and finalizing portfolio changes in 2014.
Royal Wessanen reported mixed results for Q3 2013. Revenue declined 2.9% due to initiatives to cut underperforming product lines. However, underlying revenue grew at the Grocery, HFS, and IZICO segments. EBIT increased at Grocery, HFS, and IZICO due to cost savings from the 'Wessanen 2015' transformation program. The ABC segment continued to underperform due to weakness in the ready-to-drink market. For the full year, Wessanen expects cost savings of €15 million from the transformation program and the ABC segment to return to profitability in 2014.
Royal Wessanen reported mixed results for Q3 2013. Revenue declined 2.9% due to initiatives to cut underperforming product lines. However, underlying revenue grew at the Grocery, HFS, and IZICO segments. EBIT increased at Grocery, HFS, and IZICO due to cost savings from the 'Wessanen 2015' transformation program. The ABC segment continued to underperform due to weakness in the ready-to-drink market. For the full year, Wessanen expects cost savings of €15 million from the transformation program and the ABC segment to return to profitability in 2014.
Royal Wessanen Q1 2013 result presentation for analysts, investors and media; Dutch quoted company, mainly active in organic food with wellknown brands such as Bjorg, Bonneterre, Evernat, Allos, Tartex, Kallo, Clipper and Zonnatura
Royal Wessanen is a leading European organic food company with operations in Benelux, France, Germany, Italy, and the UK. It has pioneering organic brands and a well-managed supply chain focused on quality and innovation. In 2011, Royal Wessanen had turnover of approximately €600 million with 1,600 employees. The company's strategic objectives for 2012-2014 include increasing topline growth through brand activation, category innovations, and acquisitions. It also aims to improve profitability through cost savings and operational excellence initiatives.
1) Grocery operations continued to perform well with normalized EBIT up to €3.3 million.
2) The divestment of ABC is progressing as planned with signing targeted for late Q4.
3) Grocery revenue was up 14% and normalized EBIT increased 50% due to higher sales, margin growth, and lower marketing costs.
Royal Wessanen reported its Q3 2012 results. Revenue was €138.5 million, a 0.2% decrease from Q3 2011 on an autonomous basis. Grocery sales grew but Health Food Stores saw disappointing developments. The company is assessing its structure and costs to reduce complexity and improve efficiency. For 2012, Wessanen expects net financing costs of €3-4 million, an effective tax rate of around 35%, capital expenditures of €6-8 million, and depreciation/amortization of €10-11 million.
Royal Wessanen is a European organic food company focused on sustainability. It owns organic food brands across Europe and strives to make organic the most desired option. The document discusses Wessanen's commitment to organic principles like being GMO, pesticide and hormone free. It also summarizes the company's strategy of growing its existing business and making at least one major acquisition per year. Wessanen aims to minimize its environmental impact and source sustainable palm oil. It established an Organic Expertise Centre to promote organic values and develops employees through leadership programs.
Clipper is a UK-based tea and coffee company founded in 1984 that sells tea, coffee, and hot chocolate products through grocery stores, health food stores, food service, and exports. It has a leading position in the UK market for organic and fair trade tea, with £16 million in annual revenue and 90 employees. Clipper operates a manufacturing plant for blending teas in Dorset, UK. The company sees potential for growth in both its core UK tea market as well as other European markets.
Wessanen was incorporated in 1765 along the river De Zaan in the Netherlands and has a long history trading seeds and developing early consumer products like oatmeal and cocoa. In the 1970s, 80s, and 90s Wessanen grew substantially through acquisitions including mergers and purchases of companies in France, the Netherlands, and the United States. However, in 2010 it divested its US business and since 2009 has focused strategically on the organic food market in Europe.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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World economy charts case study presented by a Big 4
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The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
2. Royal Wessanen - who we are
A long and rich history as a food company
Incorporated in 1765; Royal since 1913; listed on Euronext since 1959
Headquartered in Amsterdam
Operations in the Benelux, France, Germany, UK, Italy, USA
Over 2,200 employees Revenue split 2010
€712mln
A leading player in the major organic food markets in Europe
Vision: ‘To make our brands most desired in Europe’ 13%
32%
Frozen Foods: leading frozen snacks producer/marketer in Benelux 16%
ABC: leading producer fruit drinks/cocktail mixers in USA 39%
WE Grocery WE HFS Frozen Foods ABC
2
4. Q2 2011 highlights
Wessanen fitter and more focused
Q2 results reconfirmation of continuous progress we are making
Revenue +1.1%, autonomous growth +2.3%
Volume 1.0%, Price/mix 1.3%
Normalised EBIT €11.8 mln, up 8.3%
Successful renegotiation and extension of €100 million credit
facility at more favourable terms
Divestment Tree of Life UK and Kalisterra (per 1 October)
4
5. Q2 2011 highlights
Strategy is clear, we are more focused, and in better shape,
although we have to improve in multiple areas
Despite subdues economic growth, awareness and appreciation for
organic food continue to grow
Grocery continues to grow
Focus on core brands, innovations, brand activation, more
consistent execution
HFS wholesale challenging quarter, while branded performed
satisfactorily
Numerous initiatives undertaken to address issues
We expect result to improve gradually
Increasingly implementing one consistent way of working
Areas such as brand activation, innovation, central sourcing,
operational excellence and ICT
ABC performed strongly in Q2, expected to continue based on
current momentum and plans in place
5
6. Wessanen Europe Grocery
Continued focus on core brands, making further progress Revenue (in € mln)
Revenue up 7.2% 5.1%
Autonomous growth 5.1%
Volume 4.4%; Price/mix 0.7%
65.9
France: Bjorg continues to grow and gain market share 61.1
First nationwide TV commercial aired in May-June
Benelux sales up, driven by Biorganic, Merza and Dr
Schär. Zonnatura to relauch its tea range in August
♦ Autonomous third party revenue growth
In Germany, Whole Earth and Culinessa further gaining EBIT (in € mln)
distribution
In UK, revenue about stable, impacted by focus on
‘cutting the tail’
5.5 6.8 6.5
Italian sales continue to grow 5.1
The soy plant is performing well, expanded with a water
treatment facility which just was started up
Q2 10 Q2 11
♦ Reported, ♦ Normalised 6
8. Wessanen Europe HFS
Revenue down (5.9)% Revenue (in € mln)
Autonomous growth (6.8)%
Volume (6.6)%; Price/mix (0.2)%
(6.8)%
Increased focus on branded and high value added
wholesale due to divesting Tree of life UK and Kalisterra
73.2 68.9
Benelux sales are lower due to fewer stores;
Kroon (our fresh supplier) gaining new customers;
At existing own-format stores, revenue trending up;
New Natuurwinkels Huizen, Zoetermeer and Maastricht
♦ Autonomous third party revenue growth
France: sales at Bonneterre stable with Bonneterre EBIT (in € mln)
brand up. Dietetic market (Kalisterra) facing strong
competition
2.6 2.0
Germany stable. HFS stores (‘Naturkost’) up, more 1.9
specialised stores down (‘Reformhauses’)
-2.7
Plants in Freiburg and Dreber performed well
Q2 10 Q2 11
♦ Reported, ♦ Normalised 8
10. Activation - Little Green Bag
Goal Little Green Bag
Connect retailers to Natudis and its brands
Generate additional traffic to shops
Pull new consumers by low prices organic offer
Generate additional promotional revenue (high traffic to stores)
What is it?
A red paper bag which can be filled in HFS store
5 organic products for only €5 (normal price about €10)
‘Green’ because of 5 ‘green’ products
Tied to a theme - now ‘Picnic’
Additional promotional material was included (f.e. instore material,
advertising campaign, PR)
A large advertising campaign in local newspapers
10
11. Frozen Foods
Revenue (2.8)% Revenue (in € mln)
Autonomous growth (6.0)%
Volume (7.5)%; Price/mix 1.5% (6.0)%
Branded volumes (Beckers, Bicky) up
Higher sales in Belgian and Dutch retail
29.7
30.7
Private label volumes remaining weak
Marketing spending somewhat lower
Spending weighted to 2nd half
♦ Autonomous revenue growth
2010 TV campaign featuring Beckers brothers
EBIT (in € mln)
EBIT down to €1.1 mln
Lower revenue, increased raw material prices
2.0
1.1
Q2 10 Q2 11
11
12. Beckers ‘Family man of the year’
Consumer action - period May-September
Media
Media partners
Free publicity
Online
Retail activation
Out-of-home activation
12
13. American Beverage Corporation
Q2 showing strong performance; expected continuation Revenue (in € mln)
strong performance in H2 2011
Revenue growth in US$ 21.2%, in Є up 7.8% 24.6%
Autonomous growth 24.6%
Volume 21.1%; Price/mix 3.5%
34.6
Ongoing success RTDs Daily’s 32.0
Capacity expanded
Launch ‘Summerology’ promotion Daily’s
♦ Autonomous revenue growth
Little Hug softness, showing growth in second half EBIT (in € mln)
quarter
Competitive activity
Lapping bonus pack promotion 2010
Active pruning lower margin products
4.5 4.5
3.5 3.6
Revitalisation Little Hug continues
Application new design to all SKU’s completed
Print advertising continues
Q2 10 Q2 11
♦ Reported, ♦ Normalised 13
18. EBIT - from normalised to reported
Q2 2011 Q2 2010
Normalised EBIT 11.8 10.9
Exceptionals/impairments (4.4) (1.5)
EBIT 7.4 9.4
Tree of Life UK (divested as of 18 July)
€(3.3) mln impairment
Q3: non-cash net cumulative exchange loss deferred in equity
of €(2.1) mln
Kalisterra (Asset held for sale) (sale as of 1 Oct)
€(1.4) mln exceptional costs
18
20. Net debt and leverage ratio
In € mln
250
Net debt
200
150
100
€39.1 mln
50
0
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 11
5
Leverage ratio
4
3
2
1.1x
1
0
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
20
21. Cash flow Q2 2011
In € mln
8.5 (10.9)
Derivatives
(0.5)
and FX
(2.5) Investments
Cash flow
from 8.5 Dividends
(1.3)
earnings paid
(6.6)
Sources Increase
Increase of
working 2.4
net debt
capital
Uses
21
23. Closing remarks
Strategy is clear, we are more focused, and in better shape,
although we have to improve in multiple areas
Very pleased with the quality of the people at Wessanen
Increasingly implementing one consistent way of working
Q2 results reconfirmation of continuous progress we are making
Confident that we are well on track to further improve our
performance
23
26. Revenue H1 2011 €374.5 mln
ABC WE Grocery
Revenue €56.9 mln Revenue €127.7 mln
Normalised EBIT €5.2 mln Normalised EBIT €12.4 mln
15%
34%
15%
Frozen Foods
Revenue €56.7 mln
Normalised EBIT €1.9 mln
36%
WE HFS
Revenue €139.5 mln
Normalised EBIT €4.3 mln
Inter-segment eliminations
Revenue Є(6.3) mln
Normalised EBIT €(5.0) mln
26
27. Q2 performance H1 performance
Revenue (in € mln) Revenue (in € mln)
2.3%
1.3%
195.7
193.7
374.5
366.3
♦ Autonomous third party revenue growth ♦ Autonomous third party revenue growth
EBIT (in € mln) EBIT (in € mln)
18.8
11.8 17.3
10.9
9.4 7.4 15.8 15.5
Q2 10 Q2 11 H1 10 H1 11
♦ Reported, ♦ Normalised ♦ Reported, ♦ Normalised 27
28. Financial guidance 2011
Net financing costs around €(4) mln
2010: €(8.3) mln; 2009: €(19.9) mln
Effective tax rate around 25-30%
2010 impacted by country mix and non-deductible impairments, partly compensated by
recognition tax losses
Depreciation and amortisation (excluding impairments) around €(14) mln
2010: €(14) mln
Capex (pp&e and intangibles) around €(15) mln
2010: €(14) mln
Non-allocated expenses (incl. corporate) around €(10) mln
2010: €(12.3) mln (normalised €(10.2) mln)
28
30. Strategic objectives 2011-2013
Top-line growth
Market share gains in core categories and brands
Add-on acquisitions
Improve EBIT-margins
Increase gross margins (central sourcing savings, richer product mix)
Manage non-core brands for cash
Increase capacity utilisation own factories
Reduce overhead costs
Grow our export business and aim to establish footprint in other
European countries
Improve operational performance / Establish cross-country organisation
Raise the overall talent bar / Increase people engagement
30
31. Wessanen’s building blocks
Six important assets on which Wessanen’s success is built, reasons
why our brands will be your natural choice and why Wessanen can make its
organic brands the most desired in Europe:
I. Passionate people
II. Pioneering brands
III. Customer partnerships & multi-channel approach
IV. Network of strategic supplier partnerships
V. European scale
VI. Unique expertise & industry authority
31