Q1 2011 highlights
• Revenue +3.6% to €178.8 million,
• Autonomous² revenue growth Wessanen Europe Grocery 5.9% and HFS (6.1)%
• Ongoing focus to improve operations in areas such as brand activation and central sourcing
• Normalised operating result (EBIT) increased to €7.0 million, driven by Wessanen Europe Grocery
• Market share gains for leading Grocery brands such as Bjorg, Whole Earth and Zonnatura
• Net debt €36.7 million; 45% below last year’s comparable figure
12. Revenue 2010 €712 mln WE Grocery Revenue €231 mln EBITDA €12 mln Avg. Capital Employed €66 mln FTE’s (year-end) 435 Frozen Foods Revenue €116 mln EBITDA €9 mln Avg. Capital Employed €56 mln FTE’s (year-end) 505 WE HFS Revenue €273 mln EBITDA €11 mln Avg. Capital Employed €95 mln FTE’s (year-end) 837 ABC Revenue €93 mln EBITDA €7 mln Avg. Capital Employed €46 mln FTE’s (year-end) 382 Corporate centre & non-allocated EBITDA €(11) mln FTE’s (year-end) 63
13. Net debt and leverage ratio Net debt Leverage ratio € 36.7 mln 1.1x In € mln