Dutch food group Wessanen moved into profit in the first quarter of 2005, despite a fall in sales.
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Net sales were €468.5m (US$600m) in the first quarter of 2005, compared with €576.2m in the same period last year. Income before taxes was €6.1m, compared with a loss of €10.3m last year.
The fall in sales was due to deliberately terminated turnover and the decline in low-carb sales, the company said.
“The results indicate we are on the right track,” said CEO Ad Veenhof. “Although sales may have been slightly below our expectations, margins are better than anticipated.”
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