Investor Relations

Annual Reports

In the third quarter of 2003 Ter Beke has again confirmed the positive results and forecasts which were announced on the occasion of the half-year results.

The positive trend in turnover and profit is due to the international growth in turnover for ready meals in particular, and to cost control and stable raw material prices.

In the third quarter of 2003 investment continued undiminished in the brand Come a Casa, Ter Beke's consumer brand for chilled ready meals. In August and September a second television campaign was run on all Belgian commercial channels. The results of the campaign are going entirely according to plan, both in terms of sales under the Come a Casa brand and in the increased brand awareness.

On 1 July 2003 the producer of chilled ready meals Di Pasto was taken over in Alby-sur-Chéran (Annecy in the Haute-Savoie).
This strategically important take-over was motivated by the wish to acquire a French identity in France, access to all major French retailers, international spreading of the production risk and the acquisition of the undisputed market leadership in France.
The operational take-over in the area of production and customer relations is going entirely according to plan and without surprises.

We expect that these trends will continue and that the positive result forecasts for the whole year will consequently be confirmed.