Wessanen is a company in the European organic food market. Operating mainly in France, Benelux, the United Kingdom and Germany, Co. manages and develops its brands and products in the grocery and health food channels. Co. also produces and markets frozen snack products in the Benelux and fruits drinks and cocktail mixers in the United States. Co.'s continuing operations are presented in three segments: Wessanen Europe, Frozen Foods and American Beverage Corporation.
  • TickerWES
  • ISINNL0000395317
  • ExchangeEuronext Amsterdam
  • SectorFood Producers
  • CountryNetherlands

Analysts

ING
Research Department

Benelux Morning Notes

Ackermans & van Haaren: Sale of HPA leads to capital gain of €105m. AMG, Solvay: Limited impact from 737 MAX issues. Econocom: Final results confirm management intention to refocus, increase FCF. GBL: Decrease in NAV but growing dividends and guidance reiterated. Nyrstar: ‘Capital review will lead to very substantial dilution'. Wessanen: PAI in the sky

Alan Vandenberghe

WESSANEN: Not that bad after all WES NA

Wessanen reported reassuring 4Q18 figures which will alleviate the nervousness we saw in recent months. Given that we expect positive sales and EPS CAGR growth over the next 3y and bank on a further deleveraging we see no reason for Wessanen to trade at a deep discount to its peer group. Buy confirmed. TP adjusted to € 13.0 (from € 14.5).

Alan Vandenberghe ...
  • Guy Sips
  • Jan Opdecam
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ADYEN NA, AED BB, AD NA, BALTA BB, GVNV NA, SOLB BB, VAN BB, WES NA

Adyen: FY18: Surprisingly profitable Aedifica: € 34.5m expansion in Germany Ahold Delhaize: Strong year-end and encouraging outlook Balta: Preview 4Q – expecting a return to REBITDA growth GrandVision: In line results will not revive enthusiasm Solvay: 4Q REBITDA +2.5%-guidance of modest 2019 growth Van de Velde: Stable dividend; net profit helped by lower tax rate Wessanen: Not that bad after all

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, DIE BB, FUR NA, GLPG NA, NYR BB, PNL NA, REC BB, SOLB BB, WES NA

ASIT biotech: Strategic changes provide an uncertain outlook D'Ieteren: Preview FY18 Fugro: Results slightly below, 14% Q/Q backlog growth Galapagos: Feedback FY18 call – focus on filgo & ISABELA IPF Nyrstar: Resignation of Mr Fernandez as Nyrstar director PostNL: In-line 2019 outlook / Here comes Sandd Recticel: FY REBITDA expected flat, quid Interiors sale ? Solvay: Soda ash productivity enhancement Wessanen: CFO leaves for Centrient Pharmaceuticals Telecom: Dense Air Belgium interested in 5G spectrum Dynamic Top Pick List: We add PostNL to our Dynamic Top Pick List

ING
Research Department

Benelux Morning Notes

Kendrion: Preview - looks like the worst is priced in. Proximus: Winter is coming. Randstad: 4Q18 beats 2%; strong special divi and Jan/Feb trend stable. Vopak: Moving towards (IMO)2020. Wessanen: 4Q18 beat but 2019 outlook cautious.

ING
Research Department

Benelux Morning Notes

Ackermans & van Haaren: Sale of HPA leads to capital gain of €105m. AMG, Solvay: Limited impact from 737 MAX issues. Econocom: Final results confirm management intention to refocus, increase FCF. GBL: Decrease in NAV but growing dividends and guidance reiterated. Nyrstar: ‘Capital review will lead to very substantial dilution'. Wessanen: PAI in the sky

Alan Vandenberghe

WESSANEN: Not that bad after all WES NA

Wessanen reported reassuring 4Q18 figures which will alleviate the nervousness we saw in recent months. Given that we expect positive sales and EPS CAGR growth over the next 3y and bank on a further deleveraging we see no reason for Wessanen to trade at a deep discount to its peer group. Buy confirmed. TP adjusted to € 13.0 (from € 14.5).

Alan Vandenberghe ...
  • Guy Sips
  • Jan Opdecam
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ADYEN NA, AED BB, AD NA, BALTA BB, GVNV NA, SOLB BB, VAN BB, WES NA

Adyen: FY18: Surprisingly profitable Aedifica: € 34.5m expansion in Germany Ahold Delhaize: Strong year-end and encouraging outlook Balta: Preview 4Q – expecting a return to REBITDA growth GrandVision: In line results will not revive enthusiasm Solvay: 4Q REBITDA +2.5%-guidance of modest 2019 growth Van de Velde: Stable dividend; net profit helped by lower tax rate Wessanen: Not that bad after all

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, DIE BB, FUR NA, GLPG NA, NYR BB, PNL NA, REC BB, SOLB BB, WES NA

ASIT biotech: Strategic changes provide an uncertain outlook D'Ieteren: Preview FY18 Fugro: Results slightly below, 14% Q/Q backlog growth Galapagos: Feedback FY18 call – focus on filgo & ISABELA IPF Nyrstar: Resignation of Mr Fernandez as Nyrstar director PostNL: In-line 2019 outlook / Here comes Sandd Recticel: FY REBITDA expected flat, quid Interiors sale ? Solvay: Soda ash productivity enhancement Wessanen: CFO leaves for Centrient Pharmaceuticals Telecom: Dense Air Belgium interested in 5G spectrum Dynamic Top Pick List: We add PostNL to our Dynamic Top Pick List

ING
Research Department

Benelux Morning Notes

Kendrion: Preview - looks like the worst is priced in. Proximus: Winter is coming. Randstad: 4Q18 beats 2%; strong special divi and Jan/Feb trend stable. Vopak: Moving towards (IMO)2020. Wessanen: 4Q18 beat but 2019 outlook cautious.

A director maiden bought 6,000 shares at 15.160EUR and

A director at Koninklijke Wessanen N.V. maiden bought 6,000 shares at 15.160EUR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

With a more favourable environment, WESSANEN NV improves to Slightly Positive

WESSANEN NV (NL), a company active in the Food Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 5, 2019, the closing price was EUR 9.13 and its potential was estimated at EUR 11.59.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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Expert Corporate Governance Service (ECGS)

Proxy Report - 12/04/2018

Under agenda item 10 it is proposed to reappoint Mrs. Ivonne Rietjens (Dutch, born 1958) as member of the Supervisory Board for a 2-year term ending on the day of the AGM in 2020. We have no concerns over the proposed appointment of Mrs Ivonne Rietjens and recommend approval.

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