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As of 4:30 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

wessanen (KJWNF) Key Developments

Royal Wessanen Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months of 2014

Royal Wessanen announced unaudited consolidated earnings results for the third quarter and nine months of 2014. For the quarter, the company reported revenue of EUR 106.4 million against EUR 98.6 million a year ago. Normalised operating result (EBITE) was EUR 4.9 million against EUR 3.8 million a year ago. Operating result (EBIT) was EUR 4.9 million against EUR 3.6 million a year ago. Profit after income tax from continuing operations was EUR 2.9 million against loss of EUR 1.6 million a year ago. Profit was EUR 5.7 million or EUR 0.07 per share against EUR 3.7 million or EUR 0.05 per share a year ago. Profit attributable from continuing operations was EUR 2.9 million or EUR 0.04 per share against loss of EUR 1.6 million or EUR 0.02 per share a year ago. For nine months, the company revenue of EUR 325.3 million against EUR 305.4 million a year ago. Normalised operating result (EBITE) was EUR 22.3 million against EUR 17.2 million a year ago. Operating result (EBIT) was EUR 21.6 million against EUR 15.4 million a year ago. Profit after income tax from continuing operations was EUR 12.4 million against EUR 3.3 million a year ago. Profit was EUR 51.7 million or EUR 0.68 per share against EUR 7.6 million or EUR 0.10 per share a year ago. Profit attributable from continuing operations was EUR 12.4 million or EUR 0.17 per share against EUR 3.3 million or EUR 0.04 per share a year ago.

Moelis & Co. Hired To Find Buyer For American Beverage Corp.

Koninklijke Wessanen N.V. (ENXTAM:WES) has hired Moelis & Co. (NYSE:MC) to find buyer American Beverage Corporation. American Beverage Corp. was reported as a discontinued operation of Wessanen as of September 30, 2014.

Koninklijke Wessanen N.V., Q3 2014 Earnings Call, Oct 24, 2014

Koninklijke Wessanen N.V., Q3 2014 Earnings Call, Oct 24, 2014

Royal Wessanen Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014

Royal Wessanen reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2014. For the quarter, the company reported revenue of EUR 142.9 million against EUR 142.9 million a year ago. Operating result was EUR 12.6 million against EUR 2.9 million a year ago. Profit before income tax was EUR 12.3 million against EUR 2.4 million a year ago. Profit for the period attributable to equity holders was EUR 41.0 million or EUR 0.54 per basic and diluted share against loss attributable to equity holders of EUR 1.2 million or EUR 0.02 per basic and diluted share a year ago. Normalized operating result was EUR 13.3 million against EUR 4.1 million a year ago. For the first half, the company reported revenue of EUR 272.5 million against EUR 267.2 million a year ago. Operating result was EUR 21.8 million against EUR 10.3 million a year ago. Profit before income tax was EUR 20.6 million against EUR 9.4 million a year ago. Profit for the period attributable to equity holders was EUR 46.0 million or EUR 0.61 per basic and diluted share against EUR 3.9 million or EUR 0.05 per basic and diluted share a year ago. Net cash inflow from operating activities was EUR 10.3 million against net cash outflow from operating activities of EUR 7.0 million a year ago. Acquisition of property, plant and equipment was EUR 1.3 million against EUR 2.0 million a year ago. Acquisition of intangible assets was EUR 0.6 million against EUR 0.9 million a year ago. Net debt as at June 30, 2014 was EUR 7.4 million against EUR 50.7 million as at December 31, 2013. Net debt of Wessanen decreased by EUR 58.1 million in the six-month period ended June 30, 2014, mainly due to the cash proceeds from the divestment of IZICO and Distribution Benelux of EUR 57.6 million. Normalized operating result was EUR 22.6 million against EUR 12.2 million a year ago. In second half, the company anticipates to report lower revenue growth versus the first half year due to ongoing plans to improve the quality of revenue. The distribution of revenue over both half-year periods and an increase in marketing spending will result in a lower EBITE in the second half of the year than in the first half. Effective tax rate expected to be around 30% to 35% (excluding additions to uncertain tax positions), capital expenditures expected to be EUR 5 million to EUR 6 million and depreciation and amortization expected to be EUR 10 million.

Koninklijke Wessanen N.V. Presents at CF&B 14th Large & Midcap Event, Oct-02-2014

Koninklijke Wessanen N.V. Presents at CF&B 14th Large & Midcap Event, Oct-02-2014 . Venue: Palais Brongni, 28 Place de la Bourse, entrée Rue Vivienne, 75002 Paris, France.

 

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KJWNF

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Valuation KJWNF Industry Range
Price/Earnings 83.2x
Price/Sales 0.7x
Price/Book 2.4x
Price/Cash Flow 7.1x
TEV/Sales -- Not Meaningful
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