“In the beginning of 2009, Wimm-Bill-Dann pledged profitable growth despite strong macroeconomic headwinds,” said Tony Maher, Wimm-Bill-Dann’s CEO. “The third quarter once again demonstrated the viability of our approach, the resilience of our brands and our business model.
“We’ve once again delivered strong results in all three business segments. For almost two years now, Wimm-Bill-Dann has been demonstrating margin improvement and market share gains. This is no small achievement and is a result of our continued focus on streamlining our business and enhancing consumer loyalty. Group gross margins increased 230 basis points year-on-year to 36.0%. It also improved for each of the business segments, reaching 32.6% in dairy, 40.1% in beverages and 49.7% in baby food. Our Ebitda margin reached 16.8% in the third quarter of 2009, driven by further efficiency improvements and seasonally lower input costs. Our net profit in the third quarter grew 43.5% year-on-year and almost doubled in roubles. Our healthy operating cash flow of $190.0m allowed us to be creative in marketing and aggressive in sales.”
Source: Wimm-Bill-Dann
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