Edition:
India

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.