Wessanen has today (26 April) booked higher underlying first-quarter sales and profits, with the Dutch food and beverage group reporting “double-digit” growth from its core brands.
Stripping out the impact of currency fluctuations and M&A, Wessanen said its revenues increased 9.3% in the first three months of the year.
The company said Dutch organic brand Zonnatura “performed at double-digit rates”. It reported its two largest brands in France – Bjorg and Bonneterre – “continued to grow at very healthy levels”.
On a reported basis, Wessanen’s revenue rose 8.5% to EUR143m. The depreciation of sterling trimmed Wessanen’s top line by one percentage point.
Wessanen’s underlying EBIT was up 14.6% at EUR14.1m. Reported EBIT grew 15.6% year-on-year.
The group’s net profit was lower, falling 27.8% to EUR9.1m, mainly as last year’s profit for the period included a profit contribution from discontinued operations, absent from this year’s figures.
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