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PRESS RELEASE
Trading update first trimester 2009
Waarschoot, 8 May 2009
The group's turnover in the first quarter of 2009 is in line with the turnover in the same period of 2008.
The first quarter turnover increase in both the processed meats and ready meals divisions is compensated by
the effect of terminated volume contracts in the first semester of 2008. This effect will decline in the
course of 2009 which allows the group to put forward a slight turnover increase for the entire year.
The increase in turnover for 2009 is primarily reduced by the consequences of the economic crisis on
sales in the UK and Spain.
In 2009, the group will continue to work on improving the profitability
of its activities, both in the processed meats division and in the ready
meals division. Pressure on the margins and the cost increase pursuant to the
Belgian salary agreements will be compensated through further improvements
in the entire supply chain and through continued cost control and cost reduction
efforts. In 2009, Ter Beke will continue to invest in its Come a casa® brand.
Save for unexpected market and/or exchange rate circumstances, Ter Beke expects the recurring result over
the full year 2009 to at least equal that of 2008.
For questions about this press release or for further information, please contact:
| Marc Hofman Managing Director Telephone: +32 (0)9 370 13 16 E-mail:m.hofman@terbeke.be |
René Stevens CFO Telephone: +32 (0)9 370 13 45 E-mail: rene.stevens@terbeke.be |
Financial calendar
| General Meeting 2009 | 28 May 2009 at 11.00 | |
| Payment of dividend | 15 June 2009 | |
| Half year results 2009 | 28 August 2009 after trading hours | |
| Trading update third quarter 2009 | 6 November 2009 after trading hours | |
| Annual results 2009 | 30 April 2010 at the latest |
TER BEKE IN BRIEF
Ter Beke (Euronext Brussels: TERB) is an innovating Belgian fresh foods
group selling its range of products in 10 European countries.
The group has 2 core activities: processed meats and fresh ready meals; it has 9 industrial sites in Belgium, the Netherlands and France and employs approximately 1.800
people.
Ter Beke generated a turnover of EUR 393 million in 2008.
Processed Meats Division
- Producer of fine processed meats for the Benelux, the United Kingdom and Germany
- 4 production plants in Belgium (Wommelgem, Waarschoot, Marche-en-Famenne and Herstal) and 4 centres for slicing and packaging of processed meats, 2 of which are in Belgium (Wommelgem and Veurne) and 2 in the Netherlands (Milsbeek and Ridderkerk)
- Innovating in the segment of prepackaged processed meats
- Distribution brands and own brand names L´Ardennaise® and Daniël Coopman®
- Approximately 1.050 employees
Ready Meals Division
- Producer of fresh ready meals for the European market
- Market leader in fresh lasagne in Europe
- 3 production plants, 2 of which are in Belgium (Wanze and Marche-en-Famenne) and 1 in France (Alby-sur-Chéran)
- Brand names Come a Casa®, Pronto® and Vamos® in addition to distribution brands
- Approximately 750 employees