Dutch organic food group Wessanen has widened its net loss in fiscal 2012 due to impairments and restructuring charges.
In the 12 month period, net losses widened to EUR53.2m (US$70.1m) from EUR17.1m a year earlier, it said today (22 February). Operating losses also increase to EUR45.8m from losses of EUR19m a year earlier.
CEO Piet Hein Merckens said 2012 was a “turbulent” year for the global economy.
“The Eurozone in particular witnessed much instability while low consumer confidence led to sluggish demand. The organic food market seemed almost untouched by these conditions, trending positively with mid-single digit growth.”
Despite this, net sales were up 0.7% to EUR710.8m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData