Even een vooruitblik op de q2 resultaten. Vorig jaar pasen in q1 en ook in q2 weinig warme dagen( zie tekst CEO). In q1 werd een onderdeel van PepsiCo in Dld overgenomen en in mei werd DIS overgenomen.
Hier nog even de resultaten en een stukje toelichting van de CEO:
Refresco reports solid Q2 2016 results
Rotterdam, the Netherlands – August 11, 2016. Refresco Group N.V. publishes second quarter and half year 2016 results.
Q2 2016 highlights:
? Group volume of 1,703.3 million liters (Q2 2015: 1,672.2 million liters), an increase of 1.9%. ? Co-Packing volume increased 18.8% and comprised 25.2% of total volume (Q2 2015: 21.6%). Private Label volume decreased 2.8%. ? Gross profit margin per liter was 14.0 euro cents (Q2 2015: 14.2 euro cents). ? Adjusted EBITDA increased to €68.3 million (Q2 2015: €67.6 million). ? Adjusted net profit amounted to €30.3 million (Q2 2015: €29.0 million). ? Adjusted EPS increased to 37.3 euro cents (Q2 2015: 35.7 euro cents). ? Announced acquisition of US-based bottler Whitlock Packaging on 26 July.
In millions of €, unless stated otherwise Un-audited
Q2 2016
Q2 2015
HY 2016
HY 2015
Volume (millions of liters) 1,703.3 1,672.2 3,027.9 3,049.5
Revenue 558.7 548.4 1,006.6 1,006.6
Gross profit margin per liter (euro cents) 1 14.0 14.2 14.3 14.2
EBITDA 66.6 62.3 100.6 79.4
Adjusted EBITDA 68.3 67.6 102.6 104.7
Net profit / (loss) 28.9 5.4 34.6 (9.9)
Adjusted net profit / (loss) 30.3 29.0 36.3 31.6
Adjusted EPS2 (euro cents) – pro forma 37.3 35.7 44.7 40.6 Net debt ratio (net debt/LTM adjusted EBITDA) - - 2.6 2.4
CEO Refresco, Hans Roelofs: “The unfavorable weather conditions throughout Europe and continued pressure on the private label market have created a challenging environment for Refresco to grow volumes while keeping margins at a sustainable level.
Tel daarbij op de overname van Whitlock in september en de erg mooie dagen van nu en die er waarschijnlijk dit kwartaal( bijv volgende week) nog kunnen komen. In q2 2016 dus een wpa van 37 cent dan moet er dit kwartaal toch ruim 40 cent verdiend kunnen worden?