Wessanen B.V.
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Publicatie datum
25 feb 2009 - 08:22
Statutaire naam
Wessanen B.V.
Titel
Wessanen: continued growth at all four businesses
Bericht
Highlights
• Total revenue in Q4-08 was EUR 442.2 million, against EUR 411.5 million in the same quarter last year, including a positive currency effect of EUR 11.2 million. This represents 4.7% growth in constant currencies, with all four businesses contributing.
• Operating result (EBIT) in Q4-08 ended at EUR 18.0 million, including a gain under ‘other income’ of
EUR 0.8 million and a negative currency effect of EUR 0.5 million (Q4-07: EUR 22.3 million, including ‘other income’ of EUR 7.8 million).
• Net result was EUR 10.5 million in Q4-08, compared to EUR 15.7 million in Q4-07.
• Net cash flow from operating activities was EUR 29.0 million positive in Q4-08 (EUR 3.3 million positive in Q4-07), driven by a positive development in primary working capital.
• Net debt reduced to EUR 214.6 million (Q3-08: EUR 231.3 million).
• Dividend pay-out over 2008 of EUR 0.20 per share (2007: EUR 0.65 per share) to be proposed to the Annual General Meeting of Shareholders on April 22, 2009.
• Approaching realignment of business portfolio.
• Wessanen CEO Ad Veenhof stepped down with immediate effect as per February 24, 2009; Frans Koffrie interim-CEO
CEO statement
Frans Koffrie, interim CEO, comments: “In local currencies, all four businesses continued to grow during the fourth quarter of 2008. In a number of countries, we experienced some weakness and stock level reductions in the trade during December. Excluding gains under ‘other income’ and currency effects, EBIT increased in Q4-08 compared to last year. At
Datum laatste update: 20 december 2025