Wessanen B.V.
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Publicatie datum
17 jul 2013 - 07:23
Statutaire naam
Wessanen B.V.
Titel
Wessanen update on 2013 performance of US subsidiary ABC
Bericht
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.
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