NETHERLANDS: Ter Beke forecasts better 2009 profits

By: just-food.com | 9 November 2009

Dutch ready meal-to-deli group Ter Beke has forecast that its annual earnings will match last year's level, when profits where artificially boosted by one-off items.

The company said on Friday (6 November) that it sees its 2009 "net result" as "at least equal" to last year's EUR7.6m (US$11.4m).

In 2008, Ter Beke benefited from a EUR1.5m boost to its bottom line. Without that boost, Ter Beke's net profit would have reached EUR6.1m.

Ter Beke was reporting its numbers for the first nine months of 2009 on Friday, when the company said its EBIT level was improving on the back of "cost control".

The company's turnover over the nine-month period was "in line" with the revenue posted last year.

Processed meats sales rose although ready-meal revenues fell with Ter Beke quitting "non-profitable" contracts in France in 2008.

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