Blog: Dean BestHow healthy will the future be for Wessanen?

Dean Best | 25 February 2010

The focus was on the future at So Good and Kallo maker Wessanen in Amsterdam today (25 February).

The Dutch food group's recent travails are well documented and, after posting losses of EUR220m for 2009, the company's management was keen to outline the business' ambitions.

The downturn may have hit sales of organic food in markets across Europe but Wessanen believes there is long-term potential in the category.

CEO Frans Koffrie also talked up the company's plans for investment behind its brands, as well as the prospect of bolt-on acquisitions.

The market, however, seemed less than impressed, with Wessanen's shares plunging by more than 13% today.

The hit to the share price may have been due to Wessanen's hints that it may need to restructure its balance sheet and with a share issue a possible option.

However, Wessanen's plans to be Europe's "organic food champion" will demand some serious investment and a level of spending that could hit the company's margins.

What's more without a recovery in the organic food sector within the next two years, Wessanen's investment could reap few rewards - and perhaps cause more pressure on the company's already-fragile balance sheet.


BLOG

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....

BLOG

If Kraft Heinz passed on Pinnacle, it should do so with Campbell

It's almost 18 months since Unilever rebuffed Kraft Heinz and, ever since, the rumour mill has spun over where the US manufacturer could look next. It's been reported today (2 August) the ketchup make...



Forgot your password?