NETHERLANDS: Wessanen reports fall in 2002 net sales
Dutch food group Koninklijke Wessanen has reported 2002 net sales of €2.8bn (US$3.02bn) compared to €4.0bn in 2001. The company said the fall in sales was mainly due to the divestment of Golden Foods International and dairy operations in North America and Europe. Net sales from ongoing activities, excluding Leerdammer which Wessanen sold at the beginning of December, were €2.58bn compared to €2.64bn in 2001. EBITA from ongoing activities before exceptional items for 2002 was down to €54.4m from €88.0m in 2001. Net income before exceptional items and amortisation of goodwill from ordinary activities was €35.8m, compared to €78.5m in 2001.
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