Brief: Ter Beke FY Net Result Up At EUR 4.5 Million

Whats Cooking NV

24/02/2023 06:45

Feb 24 (Reuters) - Ter Beke NV  TERB.BR :
    * 2022 CONSOLIDATED ANNUAL RESULTS
    * PROPOSED ACQUISITION OF IMPERIAL-STEGEMAN IS STILL PENDING
APPROVAL BY THE BELGIAN AND  DUTCH COMPETITION AUTHORITIES
    * TO MAINTAIN THE GROSS DIVIDEND PER SHARE FOR 2022 AT EUR
4.00 IN
THE FORM OF A SCRIP DIVIDEND
    * 2022: 12% CONSOLIDATED SALES GROWTH (FROM EUR 697 TO 781
MILLION)
    * 2022: EBITDA EUR 35.9 MILLION VERSUS EUR 45.9 MILLION YEAR
AGO
    * TO MAKE THE TIMELY PASS-THROUGH OF INFLATION/DEFLATION OF
COSTS
TRANSPARENT, MOST NEW CONTRACTS WERE  CONCLUDED FOR A LIMITED
TIME PERIOD ONLY OR INCLUDED AN AUTOMATIC INDEXATION OF THE COST
OF KEY RAW MATERIALS
    * AS RESULT OF NUMBER OF CONTRACTS THAT COULD NOT BE
RENEWED, 
EXPECTS VOLUMES IN SAVOURY PRODUCTS TO DECLINE SLIGHTLY IN 2023
    * 2022: RESULT AFTER TAX EUR 4.5 MILLION VERSUS EUR 7.3
MILLION
YEAR AGO
    * SAVOURY PRODUCTS: EXPECTS 2023 U-EBITDA TO LAND SOMEWHERE
BETWEEN 2021 U-EBITDA AND THAT OF 2022
    * CONTINUES TO WORK ON A SUSTAINABLE PASS THROUGH OF COST
INCREASES ALONG THE CHAIN
    * READY MEALS: EXPECTS 2023 U-EBITDA TO GRADUALLY CATCH UP
WITH
2021 U-EBITDA
    * IMMEDIATELY HALTED ONGOING PLANS TO EXPAND SALES TO RUSSIA
AT
THE START OF THE WAR
    * WITH OVERALL SHORTER CONTRACT PERIODS, ADDITIONAL OR LOST
SALES
VOLUMES  MAY IMPACT THE GROUP'S RESULTS MORE QUICKLY THAN IN THE
PAST

Source text for Eikon: [ID: nNDLrQsqJ]
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