Brief: Ter Beke H1 REBITDA falls to 14.4 million euros

Whats Cooking NV

01/09/2017 06:26

Sept 1 (Reuters) - TER BEKE NV  TERB.BR : 
    * H1 CONSOLIDATED TURNOVER INCREASED BY EUR 12.6 MILLION EUR 
(+6.2%) TO EUR 217.3 MILLION 
    * H1 REBITDA CONSEQUENTLY AMOUNTS TO EUR 14.4 MILLION IN 
2017 COMPARED TO EUR 19.8 MILLION IN 2016 (-27.4%) 
    * FIRST HALF OF 2017 INCLUDES EUR 0.8 MILLION IN 
NON-RECURRING EXPENSES AND EUR 7.4 MILLION IN NON-RECURRING 
INCOME 
    * THE GROUP IS CONFIDENT THAT, BARRING UNFORESEEN MARKET 
CIRCUMSTANCES, THE RESULTS FOR 2017 WILL SURPASS THOSE OF 2016. 
 
    * H1 EARNINGS AFTER TAXES EUR 10.1 MILLION VERSUS EUR 7.2 
MILLION YEAR AGO 
    * IN PROCESSED MEATS DIVISION:  FROM H2, SALES PRICE 
ADJUSTMENTS INTRODUCED WILL PARTIALLY COMPENSATE FOR RISES IN 
RAW MATERIALS PRICES 
    * IN READY MEALS DIVISION:  FROM H2, SALES PRICE ADJUSTMENTS 
INTRODUCED WILL PARTIALLY COMPENSATE FOR RISES IN RAW MATERIALS 
PRICES 
 
Source text: http://bit.ly/2enR5Gp 
Further company coverage:  TERB.BR  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))