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.
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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.
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