“The second quarter of 2009 demonstrated our ability to adapt quickly to changing market conditions, the resilience of our brands and our business model,” said Wimm-Bill-Dann CEO, Tony Maher. “It also proved that profitable growth can be achieved despite somewhat weakened consumer demand.
“We’re pleased with our results. We’ve delivered substantial margin improvement on the Ebitda and gross margin levels. In the second quarter of 2009, group gross margin improved 220 basis points year-on-year to 35.2%. It also improved for each of the business segments, reaching 31.4% in dairy, 40.4% in beverages and 48.8% in baby food. Our Ebitda margin stood at 15.4% in the second quarter of 2009, reflecting enhanced efficiency and seasonally lower input costs. Our net profit in the second quarter grew 42.6%.
“Our operating cash flow continued to show significant improvement, while our net debt decreased 49.0% year-on-year and stood at $280.8m, the lowest level for many years.”
© FoodBev Media Ltd 2021
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