Wessanen B.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
17 jul 2013 - 07:23
Statutory name
Wessanen B.V.
Title
Wessanen update on 2013 performance of US subsidiary ABC
Comments
Year-to-date, the development of the market for frozen pouches has continued to disappoint. Since we do not expect a clear improvement for the remainder of 2013, our US subsidiary ABC is expected to incur a loss for the full year. The decline of the frozen pouches segment has resulted in lower volumes at Daily's, under-utilisation of production facilities and inventory write-downs. Immediate short term corrective actions have been initiated to improve profitability and we have started a reassessment of ABC's business model, including lowering the cost base in line with reduced volumes.
Date last update: 19 April 2026