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PRESS RELEASE
Update 3rd Quarter 2004
Waarschoot, 15 November 2004.
The fresh food group Ter
Beke, producer of chilled ready meals and processed meats, confirms the
expectations set for 2004.
Update 3rd quarter 2004
After the third quarter
of 2004, Ter Beke confirms that the prospects formulated when the half-year
results were announced will be achieved.
The market environment has remained unchanged since the communication of
September 2004. One new fact however is that some raw material prices rose
significantly as a result of a sudden increase in demand from Eastern Europe.
Ter Beke responded by adapting the sales prices, which are being introduced
according to agreements. This should allow Ter Beke to realise the results
forecasted earlier for 2004.
In the third quarter of 2004, the earlier-announced investments in both the Come
a Casa brand and the production infrastructure were implemented as planned.
About Ter Beke
Ter Beke is a Belgian food group specialised in chilled ready
meals and processed meats. The products are made in Belgium and France and sold
in Belgium, the Netherlands, France, Spain, Switzerland, the United Kingdom,
Ireland, Germany, Austria, the Czech Republic, Portugal and Scandinavia. In
Europe Ter Beke is the market leader in chilled ready lasagne. With over 1,100
employees, Ter Beke expects to achieve a gross turnover of more than € 200
million in 2004. Ter Beke is listed on Euronext Brussels.
For more information, please contact:
| Media | Investors Relations | |
| Luc De Bruyckere | Marc Hofman | |
| Chairman | Managing Director | |
| tel. +32 (0)9 370 13 17 | tel. +32 (0)9 370 13 16 | |
| luc.debruyckere@terbeke.be | m.hofman@terbeke.be |