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    LAS.A   CA5179071017

LASSONDE INDUSTRIES INC.

(LAS.A)
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Lassonde Industries Inc. : announces election of Directors

05/14/2021 | 05:58pm EDT

ROUGEMONT, QC, May 14, 2021 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) ("Lassonde") announces that all the nominees listed in the Management Proxy Circular dated March 26, 2021 were elected as Directors of Lassonde. The detailed results of the vote for the election of Directors held today at its Annual General Meeting, presented in a virtual format, are listed below.

Nominees

VOTES FOR

VOTES WITHELD

Chantal Bélanger

39,293,988

99.78%

86,139

0.22%

Denis Boudreault

38,929,390

98.86%

450,737

1.14%

Paul Bouthillier

39,296,671

99.79%

83,456

0.21%

Geneviève Fortier

39,303,465

99.81%

76,662

0.19%

Nathalie Lassonde

38,655,893

98.16%

724,234

1.84%

Pierre-Paul Lassonde

38,757,460

98.42%

622,667

1.58%

Pierre Lessard

39,373,008

99.98%

7,119

0.02%

Michel Simard

38,834,527

98.61%

545,600

1.39%

About Lassonde

Lassonde Industries Inc. is a North American leader in the development, manufacture and sale of ready-to-drink juices and drinks marketed under brands such as Apple & Eve, Everfresh, Fairlee, Fruité, Graves, Oasis, Old Orchard, Rougemont and Sun-Rype. Lassonde is the largest producer of fruit juices and drinks in Canada and one of the two largest producers of store brand shelf-stable fruit juices and drinks in the United States. It is also a major producer of cranberry sauces. The Company also produces fruit-based snacks in the form of bars and bites.

Lassonde also develops, manufactures and markets specialty food products under brands such as Antico and Canton. The Company also imports and markets selected wines from various countries and manufactures apple ciders and cider-based beverages.

The Company produces superior quality products through the expertise of more than 2,700 people working in 17 plants across Canada and the United States. To learn more, visit www.lassonde.com.

SEDAR registration number: 00002099

SOURCE Lassonde Industries Inc.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 1 968 M 1 581 M 1 581 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 14,2x
Yield 2021 1,84%
Capitalization 1 250 M 1 002 M 1 004 M
Capi. / Sales 2021 0,64x
Capi. / Sales 2022 0,61x
Nbr of Employees 2 700
Free-Float 45,3%
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 211,00 CAD
Last Close Price 180,25 CAD
Spread / Highest target 22,1%
Spread / Average Target 17,1%
Spread / Lowest Target 12,1%
EPS Revisions
Managers and Directors
NameTitle
Nathalie Lassonde Chief Executive Officer & Director
Jean Gattuso President & Chief Operating Officer
Pierre-Paul Lassonde Chairman
Pierre Turner Vice President-Quality, Sustainability, R&D
Chantal BÚlanger Independent Director
Sector and Competitors