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PRESS RELEASE
QUARTER RESULTS 2002
Ter Beke raises profit outlook for 2002
3rd quarter results fully meets expectations
Ter Beke, the leading producer of fresh pasta meals and processed meats,
recorded a current net profit of more than 1 million EUR in its third quarter
2002.
This result is due to consistently high sales throughout Europe of the fresh
pasta meals division, to the positive evolution of processed meats sales in the
Benelux, to sustained cost control and to the stable raw material prices.
In view of the results realized year-to-date 30 September 2002 and the evolution
of the fourth quarter, Ter Beke is raising its current net profit forecast for
2002 to 4.5 million EUR. The current net cash flow will top 14 million EUR.
Waarschoot, 6 November 2002
Luc De Bruyckere Marc Hofman Managing Director CFO
For any additional information, please contact
Luc De
Bruyckere (tel.: +32 9 370 13 00; e-mail :
luc.debruyckere@terbeke.be), or
Marc Hofman (tel.: +32 9 370 13 16; e-mail :
m.hofman@terbeke.be)