Ter Beke NV Announces Audited Consolidated Earnings Results and Consolidated Non-Audited Pro-Forma Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for 2018
March 08, 2018
Share
Ter Beke NV announced audited consolidated earnings results and consolidated non-audited pro-forma earnings results for the year ended December 31, 2017. For the year, the company's revenue was EUR 508,555,000 compared with EUR 418,563,000 a year ago. EBITDA was EUR 38,409,000 compared with EUR 37,735,000 a year ago. Operating results (EBIT) was EUR 22,018,000 compared with EUR 18,190,000 a year ago. Operating result after net financing costs (EBT) was EUR 20,574,000 compared with EUR 17,761,000 a year ago. Earnings after taxes (EAT) were EUR 17,139,000 compared with EUR 12,562,000 a year ago. Basic and diluted earnings per share were EUR 9.87 compared to EUR 7.25 a year ago.
The company consolidated non-audited pro-forma earnings results for the year 2017. For the year, on pro-forma basis, the company reported revenue (net turnover) of EUR 680,500,000. EBITDA was EUR 50,200,000. Operating result (EBIT) was EUR 23,750,000. Operating result after net financing costs (EBT) was EUR 19,900,000. Earnings after taxes (EAT) were EUR 14,562,000.
In 2018, the group will work further on increasing its focus on the profitability and growth of the product range and on extensive cost control. The group is also focussing its energy on creating synergies with the new acquisitions and will continue to invest in innovative concepts for their customers. The group is increasingly better equipped to meet these challenges. The group is confident that, barring unforeseen market circumstances, the results for 2018 will surpass the pro-forma result of 2017.
What's Cooking Group NV/SA (formerly Ter Beke N.V.) is a food group organized around 2 families of product:
- cooked meat products (56.6% of net sales): grilled chicken strips, smoked bacon pieces, cooked hams, p?t's, salamis, sausages, etc. sold under the brands Pluma? and Dani?l Coopman?;
- ready meals (43.4%): fresh lasagnas (No. 1 in Europe), tagliatelles, cannellonis, macaronis, pizzas, etc. sold under the brands Come a casa?, Vamos? and Stefano Toselli?.
At the end of 2022, the group had 8 production sites located in Belgium (4), the Netherlands, France, Poland and the United Kingdom.
Net sales are distributed geographically as follows: Belgium (25.6%), the Netherlands (42.3%), the United Kingdom (11.2%), France (8.4%), Germany (2.1%) and other (10.4%).
Ter Beke NV Announces Audited Consolidated Earnings Results and Consolidated Non-Audited Pro-Forma Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for 2018