- Highlights full year 2015/16
Revenue of € 72.6 million, a decrease of 5.9% at constant currency, influenced by one-off in-market stock reductions;

Route to market optimised; number of new flavours and range extensions launched; investments in the global brands increased;

EBIT of € 17.6 million, a 6.2% decrease at constant currency;

Net profit increased to € 11.7 million (2014/15: € 0.2 million) due to significantly lower interest expenses post-IPO;

Net debt reduced by € 10.2 million to € 51.0 million at 31 March 2016;

Proposed final dividend of € 0.23 per share, resulting in a total dividend of € 0.54 per share and representing a payout ratio of 57.5%.

Huub van Doorne, CEO Lucas Bols: “In the past year we took several steps to support the medium-term growth of our brands. We introduced a number of new flavours and range extensions and optimised our route to market by signing important new distribution agreements and renewing several others. The past year has seen one-off stock reductions in a number of regions. Although this has impacted the company’s results in the short term, we do see an improvement in the underlying in-market performance of these regions. Following the strong debt reduction and lower ensuing interest costs, we were able to realise a significant increase in net profit. In line with our dividend policy we propose a final dividend of € 0.23 per share, bringing the total dividend to € 0.54 per share.”

tijd 11.01
Bols 17,115 -18,5ct vol. 11.601