H1 and Q2 2019 highlights

• Autonomous growth in own brands 0.5% for H1 (Q2: 4.4%)
• Further reduction of private label and distribution business of (11.0)% for H1 (Q2: (9.1)%)
• EBITE of €33.3 million, equal to 10.4% of revenue for H1 (Q2: €12.8 million)

CEO statement
"Growth of own brands improved in Q2 and for H1overall we have achieved autonomous growth of 0.5%. In terms of market development, the organic market has continued to grow at a level of around 5% even though the specialized organic channel (HFS) has turned to low/no growth in many cases. Competitive pressure overall has remained high.

In H1, we have seen good growth across a number of brands such as Clipper, Allos, Alter Eco, Kallo, Ecocesta and Destination. In Germany and the UK we have seen good momentum building overall.
After a weak first quarter, growth at Bjorg in France improved in Q2 on the back of strong promotion and brand activation, combined resulting in a low level of growth for the first half.
Operating profit has been higher in H1 mostly due to A&P phasing."

Analyst & investor meeting
At 10h00 CET, a conference call for analysts, investors and media will be hosted by Christophe Barnouin (CEO) and Francois de Gantes (CFO). The dial-in number is +31(0)20 531 5851.
The press release and presentation are available for download at www.wessanen.com

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