wessanen factsheet july 2012
DESCRIPTION
This factsheet briefly (2-pager) describes Wessanen and its activities. It also adresses: organic, what does it mean ?!TRANSCRIPT
Company profile
Royal Wessanen is a leading company in the organic food market in Europe. In 2011, Wessanen generated revenue of €594 million with 1,600 employees.
Royal Wessanen Operating mainly in France, the Benelux, the UK, Germany and Italy, we
manage and develop our brands and products in the grocery and health
food channels. Our brands - such as Bjorg, Whole Earth, Zonnatura,
Clipper, Bonneterre, Ekoland, De Rit, Allos and Tartex - are pioneering
brands in the organic food markets.
Next to our leading position in organic food businesses, we also produce
and market frozen snack products (Beckers, Bicky) in the Benelux
(Frozen Foods). Our US operations (ABC) will be divested in 2012.
Incorporated in 1765 1913: distinguished with title Royal Headquarters in Amsterdam (NL) Since 1959 listed at NYSE Euronext Amsterdam (WES NA) Market cap ± €180 mln (July 2012) Shares outstanding: 76mln Leading in organic food in Europe
factsheet Company profile July 2012
Factsheet
July 2012
General enquiries Phone +31 20 3122 122
Twitter @RoyalWessanen / www.wessanen.com
Press, investor and analysts enquiries
Carl Hoyer, VP Corporate Communications
Phone +31 20 3122 140
Strategic objectives 2012-2014
Topline growth
o Grow core brands & core categories
o Build strongholds in new markets
o Country specific growth strategies
o Launch fewer, bigger, better innovations
o Execute acquisitions shortlist
Profitability improvement
o Central sourcing savings
o Pricing strategies towards customers
o Improve operational excellence with SAP
o Filling own factories
Enablers
o Improve talent performance management
o Simplify how we conduct business
o Activate Organic Expertise Centre, integrate quality
In € million Q2 ‘12 Q2 ‘11
Revenue (continuing operations) 151 161
Normalised operating result 2.2 7.3
Net result, attributable to equity holders 3.1 5.4
Operating cash flow (continuing operations) 4.0 (1.5)
Net debt 62 39
Revenue split H1 2012
Organic, what is it?! • All organic food is GMO-free (genetically modified
organisms) and food colouring is prohibited • No artificial fertilisers are allowed • Usage by food manufacturers of additives and
processing aids is restricted • Strict rules the way animals must be cared for • Organic food has been grown and processed
according to EU regulations • It is controlled by a unique certification system
to make sure that it meets these requirements • National certifications, such as AB in France, EKO
in the Netherlands and Bio in Germany • In addition, a European certification mandatory
since July 2012 An attractive and growing market with significant potential • European market €21bn in size (2011) • Per capita consumption rising although still low • Organic food increasingly engaging mainstream
consumer
46%
35%
19%Grocery
HFS
Frozen Foods