Dutch food group Wessanen moved into profit in the first quarter of 2005, despite a fall in sales.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Net sales were €468.5m (US$600m) in the first quarter of 2005, compared with €576.2m in the same period last year. Income before taxes was €6.1m, compared with a loss of €10.3m last year.
The fall in sales was due to deliberately terminated turnover and the decline in low-carb sales, the company said.
“The results indicate we are on the right track,” said CEO Ad Veenhof. “Although sales may have been slightly below our expectations, margins are better than anticipated.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
