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RSS FeedsWessanen trading update Q3 2018: Strong operating result despite lower revenue
(WorldNews Netherlands)

 
 

19 october 2018 11:09:07

 
Wessanen trading update Q3 2018: Strong operating result despite lower revenue
(WorldNews Netherlands)
 


Trading update Q3 2018: Strong operating result despite lower revenue 9m and Q3 2018 highlights · Autonomous growth in own brands 0.9% for 9m (Q3: (1.5)%) · EBITE of EUR42.9 million, equal to 9.2% of revenue, for 9m (Q3: EUR14.6 million, 10.1% of revenue) · Abbot Kinney`s, innovation leader in plant based yoghurt alternatives, acquired per 10 September 2018 Q3 review Overall, own brands growth was below our expectations in Q3 while profit delivery was strong at 10.1% EBITE in % of revenue. We expect the corrective action plans that we have put in place since Q2 to bring a return to revenue growth...


 
10 viewsCategory: General > Europe > Netherlands
 
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