Model portefeuille
Rendement portefeulle
+12.035 %

Rendement AEX
+33.325 %

Startdatum
01-01-2009

Startwaarde portefeuille € 74082.37

Startwaarde AEX
€ 245.94


Laatste update:
29-01-2010

Wessanen Q4/FY 2016 results: Sustaining strong profitable growth

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Beleggingsadvies 15/02/2017 07:00
Sustaining strong profitable growth
2016: Another successful year in the transformation into a Champion of Healthy & Sustainable Food in Europe.
Q4 2016 highlights
Revenue growth of 9.6%
Autonomous growth in own brands 6.6%
EBITE of €6.2 million, in-line with prior year despite significantly higher marketing investments
Successful acquisition of Biogran in Spain, a dynamic organic growth market
Restructuring in Germany started in order to drive sustainable performance improvement

Wessanen will pay a dividend of 12 ct p.sh.

Full year 2016 highlights
Revenue growth of 9.0% to €570.0 million
Autonomous growth in own brands 8.5%
EBITE up 18.7% to €41.2 million
EBITE as % of Revenue up 60 bps versus last year to 7.2%, despite moderately increased marketing investments
Four acquisitions successfully completed

CEO statement
Christophe Barnouin (CEO) commented: "In 2016, we continued to make good progress on the transformation to a focused, fast growing, sustainable and profitable business. Our own brands performed ahead of a healthy market and grew 8.5%. Given that we reduced our Private Label and Distribution business, total autonomous growth was 6.0%, in-line with our long term guidance range of 5-7%. Our operating margin went up; EBITE as % of Revenue increased 60 bps to 7.2%.

In the fourth quarter we have taken further measures to restructure our German business in order to create a base for sustainable profitable growth.

We have landed four strategically important acquisitions in 2016. These will provide us with a further strengthened platform for profitable growth across core categories and geographies for the future. The market for healthy & sustainable, especially organic food continues to reflect the trend in consumer behaviour. Our strategy execution is on track and we are playing a leading role in helping consumers across Europe to change to Healthier Food for Healthier People and Planet.

Guidance FY 2017
Total reported growth is expected to be low double digit, with continued strong growth of own brands and the effect of 2016 acquisitions being partly offset by lower private label and distribution brand sales
We expect EBITE % of revenue to be above 8% for the full year
Net financing costs around €2.0-2.5 million
Tax rate around 30%
Capital expenditures €13-15 million
Depreciation and amortisation €8-9 million


Important dates 2017
12-04-2017 AGM (14h00 CET)
21-04-2017 Publication Q1 2017 trading update
25-07-2017 Publication Q2 2017 interim results
24-10-2017 Publication Q3 2017 trading update


Wessanen proposes Frank van Oers for re-appointment to its Supervisory Board

Wessanen will propose to re-appoint Mr Frank van Oers as member of its Supervisory Board for a four-year term at its next Annual General Meeting of Shareholders, to be held on 12 April 2017. His first appointment has been in 2009 and since 2014, Mr van Oers has held the position of Chairman of the Supervisory Board. He is also Member of the Audit Committee.

Based on his extensive business experience and knowledge of the FMCG market, Mr van Oers has contributed significantly to Wessanen's transformation to become a business focused on healthy & sustainable food in Europe. Mr van Oers is Managing Partner at Vorwerk & Co. KG, a family enterprise with core focus on high-quality household products.

Subject to approval of the AGM on 12 April 2017 in respect of the re-appointment of Mr Frank van Oers, the composition of the Supervisory Board of Koninklijke Wessanen N.V. will be as follows as per the end of the upcoming AGM:

Mr Frank van Oers (chairman)
Mr Rudy Kluiber
Mrs Ivonne Rietjens
Mr Patrick Mispolet

zie meer op
http://hugin.info/143317/R/2078659/782364.pdf

reactie XEA.nl
De verwachte marge van tenminste 8% spreekt ons wel aan!
Maar de markt rekent meestal op nog meer.

zie hier
Wessanen verwacht dat het geschoonde bedrijfsresultaat, dat over heel 2016 licht daalde naar 35 miljoen euro, dit jaar weer zal stijgen. De omzet neemt volgens het bedrijf met een laag dubbel cijferig percentage toe, terwijl de marge oploopt van 7,2 naar minstens 8 procent.

tijd 09.00
Wessanen terug naar EUR 13.065 vol. 65.000

Overdreven reacties, de analisten moeten omzet maken voor hun baas. Straks weer terug naar 't oude prijspeil
tijd 09.57
Wessanen EUR 13,065 -75ct vol. 720.000 Hoog EUR 13,185 en laag EUR 12,45
wie pakte er weer de winst?
De mensen achter de afkeuring, maar wie haalt er meer dan 8% marges?



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