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Home > Investor Relations > Press Releases > Press Release

PRESS RELEASE

Ter Beke confirms prospects for 2007

Waarschoot, 9 November 2007

The fresh food group Ter Beke, producer of fresh ready meals and processed meats, confirms after the third quarter the prospects expressed for 2007.

At the end of the third quarter of 2007, the turnover and results of the Ter Beke Group are of such a nature that the prospects expressed when the half-year results were published can be confirmed.

Unless the market environment deteriorates or there are new unanticipated price increases, this means the group expects that the result for the full year 2007 will at least equal the result of 2006.

On 29 October 2007, Ter Beke acquired the Dutch company Berkhout Verssnijlijn. This acquisition was extensively addressed in earlier press releases. Berkhout will be included in the consolidation circle of Ter Beke with effect from 1 September 2007. However, the effect on the net result for 2007 can remain limited due to a number of one-off IFRS modifications.

For further information, please contact:
 

Media
Luc De Bruyckere
Chairman
Telephone: +32 (0)3 370 13 00
E-mail: luc.debruyckere@terbeke.be
Investor Relations
René Stevens
CFO
Telephone: +32 (0)9 370 13 45
E-mail: rené.stevens@terbeke.be

TER BEKE IN BRIEF

Ter Beke (Euronext Brussels: TERB) is an innovative Belgian fresh food group which markets its assortment in 10 European countries. The group has 2 core businesses: processed meats and fresh ready meals, possesses 11 industrial establishments in Belgium, the Netherlands and France and counts about 1,850 people. In 2006, Ter Beke recorded a turnover of 326 million Euro.

Processed Meats Division: Ter Beke-Pluma

Ready Meals Division: FreshMeals