Edition:
India

Koninklijke Wessanen NV (BSWSc.AS)

BSWSc.AS on Amsterdam Stock Exchange

11.35EUR
5:41pm IST
Change (% chg)

€0.00 (+0.00%)
Prev Close
€11.35
Open
€11.35
Day's High
€11.40
Day's Low
€11.34
Volume
23,343
Avg. Vol
331,108
52-wk High
€18.48
52-wk Low
€7.54

Latest Key Developments (Source: Significant Developments)

Wessanen Q1 Profit For The Period Up At 14.4 Million Euros
Wednesday, 10 Apr 2019 

April 10 (Reuters) - KONINKLIJKE WESSANEN NV ::REG-WESSANEN Q1 2019 TRADING UPDATE: STRONG OPERATING RESULT AND LOWER REVENUE.Q1 REVENUE DECREASED BY 4.1% TO EUR 159.8 MILLION.FY 2019 WE EXPECT LOW TO MODERATE GROWTH OF OWN BRANDS AND A FURTHER REDUCTION OF PRIVATE LABEL AND DISTRIBUTION BRAND SALES.Q1 EBITE OF EUR 20.5 MILLION, EQUAL TO 12.8% OF REVENUE.IN 2019, WE EXPECT EBITE AS % OF REVENUE TO BE IN RANGE OF 8 TO 9% FOR FULL YEAR.2019 CAPITAL EXPENDITURE OF EUR 10-12 MILLION.IN 2019, SEES NET FINANCING COSTS AROUND EUR 2.0-2.5 MILLION.IN 2019, SEES DEPRECIATION AND AMORTISATION OF EUR 14-15 MILLION.IN 2019, SEES TAX RATE AROUND 30%.Q1 PROFIT FOR THE PERIOD EUR 14.4 MILLION VERSUS EUR 11.5 MILLION YEAR AGO.  Full Article

Wessanen, Consortium Of PAI, Charles Jobson Agree On All-Cash Offer Of EUR 11.5/Shr For All Shares Of Wessanen
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Koninklijke Wessanen NV ::REG-WESSANEN AND A CONSORTIUM OF PAI AND CHARLES JOBSON AGREE ON A RECOMMENDED ALL-CASH OFFER OF EUR 11.50 PER SHARE FOR ALL SHARES OF WESSANEN.THIS REPRESENTS A TOTAL CONSIDERATION OF APPROXIMATELY EUR 885 MILLION.CONSORTIUM HAS COMMITTED FINANCING IN PLACE PROVIDING HIGH DEAL CERTAINTY AND WILL FUND TRANSACTION THROUGH A COMBINATION OF DEBT AND EQUITY.COMPLETION OF OFFER ANTICIPATED IN SECOND HALF OF 2019 COMMITMENT TO STRATEGY.EXISTING RIGHTS AND BENEFITS OF WESSANEN EMPLOYEES WILL BE RESPECTED, TRANSACTION WILL NOT HAVE A DIRECT IMPACT ON TOTAL WORKFORCE.UPON COMPLETION OF OFFER, PAI WILL HOLD APPROXIMATELY 62% AND CHARLES JOBSON APPROXIMATELY 38% IN CONSORTIUM..UPON COMPLETION OF SHARE SALE, WESSANEN HOLDCO WILL BE DISSOLVED AND LIQUIDATED.WESSANEN AND CONSORTIUM HAVE AGREED TO CERTAIN NON-COVENANTS.PARTIES HAVE AGREED TO COVENANT RELATING TO HEADQUARTERS WHICH APPLIES FOR A DURATION OF TWO YEARS AFTER SETTLEMENT.WESSANEN AND CONSORTIUM ANTICIPATE THAT OFFER WILL CLOSE IN SECOND HALF OF 2019.  Full Article

Koninklijke Wessanen FY Revenue Grows To 628.4 Million Euros
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - KONINKLIJKE WESSANEN NV ::FY REVENUE GROWTH OF 0.6% TO EUR 628.4 MILLION.Q4 EBITE OF €14.8 MILLION, UP 47% VERSUS PRIOR YEAR.WE EXPECT EBITE AS % OF REVENUE TO BE IN RANGE OF 8 TO 9% FOR FULL YEAR.WE EXPECT LOW TO MODERATE GROWTH OF OWN BRANDS AND A FURTHER REDUCTION OF PRIVATE LABEL AND DISTRIBUTION BRAND SALES.WE ARE ON TRACK TO BECOME THE FIRST MULTINATIONAL FOOD BUSINESS TO BE CERTIFIED BY 2020 - CEO.SEES 2019 CAPITAL EXPENDITURE OF EUR 10-12 MILLION.SEES 2019 TAX RATE AROUND 30%.SEES 2019 NET FINANCING COSTS AROUND EUR 2.0-2.5 MILLION.FOR 2019 WE EXPECT EBITE AS % OF REVENUE TO BE IN RANGE OF 8 TO 9% FOR FULL YEAR.SEES FY 2019 DEPRECIATION AND AMORTISATION OF €14-15 MILLION.LOOKING AHEAD TO 2019, EXPECTS THAT ORGANIC MARKET WILL REMAIN VERY DYNAMIC.FOR FULL YEAR PROFITABILITY WAS UP AS A RESULT OF BETTER GROSS MARGINS, LOWER SHARE BASED PAYMENTS AND REDUCED A&P - CEO.FY PROFIT FOR THE PERIOD EUR 36.0 MILLION VERSUS EUR 36.0 MILLION YEAR AGO.PROPOSES DIVIDEND OF 14 EUROCENT PER SHARE.  Full Article

Koninklijke Wessanen Proposes Re-Appointment Of CFO Ronald Merckx
Monday, 21 Jan 2019 

Jan 21 (Reuters) - KONINKLIJKE WESSANEN NV ::REG-WESSANEN PROPOSES RE-APPOINTMENTS OF CFO RONALD MERCKX AND SUPERVISORY BOARD MEMBER RUDY KLUIBER.  Full Article

Wessanen Acquires Abbot Kinney's
Monday, 10 Sep 2018 

Sept 10 (Reuters) - KONINKLIJKE WESSANEN NV ::REG-WESSANEN HAS ACQUIRED ABBOT KINNEYS, A FAST GROWING INNOVATION LEADER IN PLANT BASED YOGHURT ALTERNATIVES AND ICE-CREAM.HAVE SIGNED AND COMPLETED ACQUISITION OF ABBOT KINNEY'S.  Full Article

Koninklijke Wessanen FY Revenue Up At 625.8‍​ Million Euros
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - KONINKLIJKE WESSANEN NV ::FY REVENUE EUR 625.8‍​ MILLION VERSUS EUR 570.0 MILLION YEAR AGO.WE EXPECT EBITE % OF REVENUE TO INCREASE FOR FULL YEAR 2018.FY PROFIT FOR THE PERIOD EUR 36.0 MILLION VERSUS EUR 22.8 MILLION YEAR AGO.Q4 EBITE EUR ‍​10.1 MILLION VERSUS EUR 6.2 MILLION YEAR AGO.SEES NET FINANCING COSTS AROUND EUR 1.5-2.0 MILLION IN 2018.SEES CAPITAL EXPENDITURE OF EUR 11-13 MILLION IN 2018.FY EBITE EUR ‍​53.5 MILLION VERSUS EUR 41.2 MILLION YEAR AGO.SEES TAX RATE AROUND 30% IN 2018.IN 2018 EXPECTS CONTINUED STRONG GROWTH OF OWN BRANDS.  Full Article

Koninklijke Wessanen Q3 profit for the period at 8.5 million euros beats Reuters poll
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - KONINKLIJKE WESSANEN NV ::Q3 PROFIT FOR THE PERIOD EUR 8.5‍​ MILLION VERSUS EUR 7.98 MILLION IN REUTERS POLL.‍GUIDANCE FY 2017 * TOTAL REPORTED GROWTH IS EXPECTED TO BE LOW DOUBLE-DIGIT,​.Q3 REVENUE EUR 147.4 MLN‍​ VERSUS EUR 150 MILLION IN REUTERS POLL.‍WE EXPECT EBITE % OF REVENUE TO BE ABOVE 8% FOR FULL YEAR​.SEES ‍2017 NET FINANCING COSTS AROUND EUR 2.0-2.5 MILLION​.Q3 EBITE INCREASES TO €12.8 MILLION; EBITE MARGIN OF 8.7% (YTD: EBITE 43.4M, 9.2%)‍​.SEES 2017 ‍TAX RATE AROUND 30%​.SEES 2017 ‍CAPITAL EXPENDITURES EUR 12-14 MILLION​.SEES 2017 ‍DEPRECIATION AND AMORTISATION EUR 9-10 MILLION​.Q3 EBIT ADJUSTED EUR 12.2‍​ MILLION VERSUS EUR 12.3 MILLION IN REUTERS POLL.  Full Article

Wessanen ‍Q2 profit misses consensus
Tuesday, 25 Jul 2017 

July 25 (Reuters) - KONINKLIJKE WESSANEN NV ::‍EBITE INCREASES BY 22.4% TO EUR 30.6 MILLION FOR H1 (Q2: EUR 11.6 MILLION)​.Q2 REVENUE EUR ‍​ 160.8 MILLION VERSUS EUR 163 MILLION IN REUTERS POLL.Q2 PROFIT FOR THE PERIOD EUR 7.1 MILLION VERSUS EUR 8.4 MILLION IN REUTERS POLL.WESSANEN - ‍TURN-AROUND OF GERMANY BUSINESS IS ON TRACK​.REMAIN CONFIDENT THAT 2017 WILL BE YET ANOTHER YEAR OF HEALTHY, SUSTAINABLE AND PROFITABLE GROWTH ‍​.FOR FY17 WE EXPECT EBITE % OF REVENUE TO BE ABOVE 8% FOR THE FULL YEAR.FOR FY17 NET FINANCING COSTS AROUND €2.0-2.5 MILLION.FOR FY17 CAPITAL EXPENDITURES €13-15 MILLION.FOR FY17 EXPECTS DEPRECIATION AND AMORTISATION €9-10 MILLION.  Full Article

PAI-led consortium secures debt for Wessanen buy

LONDON, April 10 (LPC) - Bankers have lined up €445m of debt financing to back an acquisition of sustainable food provider Koninklijke Wessanen by a PAI Partners-led consortium.