AMSTERDAM (Thomson Financial) - Health food retailer Royal Wessanen NV reported organic growth across all divisions for the first time as it posted second quarter figures broadly in-line with analysts' forecasts.
The company maintained its full year guidance of 5-7 pct sales growth by the end of 2007 in all four business units, and said its growth estimate for both its European branded and North America branded operations is 10-12 pct for 2007.
Second quarter group sales fell to 391.9 mln eur from 394.8 mln a year earlier, at the upper end of analysts' forecast 386.4-393 mln. The company said this included a negative currency effect of 14.5 mln eur.
EBIT grew to 15.6 mln eur from 12.80 mln, while net profit fell to 10.4 mln eur from 12.0 mln. Analysts predicted net profit at 9.96-11.9 mln.
The company said the interim dividend is set at 0.25 eur.
Mike Croall; mike.croall@thomson.com mc/ejb COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
The company maintained its full year guidance of 5-7 pct sales growth by the end of 2007 in all four business units, and said its growth estimate for both its European branded and North America branded operations is 10-12 pct for 2007.
Second quarter group sales fell to 391.9 mln eur from 394.8 mln a year earlier, at the upper end of analysts' forecast 386.4-393 mln. The company said this included a negative currency effect of 14.5 mln eur.
EBIT grew to 15.6 mln eur from 12.80 mln, while net profit fell to 10.4 mln eur from 12.0 mln. Analysts predicted net profit at 9.96-11.9 mln.
The company said the interim dividend is set at 0.25 eur.
Mike Croall; mike.croall@thomson.com mc/ejb COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
© 2007 AFX News
