Net profit for the year amounted to €276 million, an all-time record for the Group. 2018 was characterised by numerous extraordinary and non-recurring income and expenditure items. Adjusted for this, Ebit on our ‘continuing operations’ was €82 million, with a 9.5% increase in net sales to €2,346 million.
CEO Koen Slippens: “The theme for 2018 was ‘Focus’, which certainly did not mean limiting the number of issues we tackled. Focus means that everything we take on is targeted at achieving our ambition to be a leading international Food Service player. An incredible amount of hard work has gone into the sale and carve-out of EMTÉ, the successful first year of our partnership with Heineken, the design of our new organisation and management model, the integration and expansion of our activities in Belgium and all the preparations for our new international ERP landscape, testing the limits of our organisation. With growth of almost 9% in the Netherlands and just over 14% in Belgium, we have gained significant market share in both countries. The market conditions were favourable, and we expect them to remain so in the year ahead. This is accompanied by strong cost inflation that forces us to continue monitoring the balance between growth and cost control. This is an environment in which we as market leader feel very much at home and we are reflecting on the past year and looking ahead to 2019 with great vigour."
Read more in the press release.
The 2018 Annual Report will be published on 5 February 2019. In our trading update of 18 April 2019, we will address the developments in the first quarter of 2019. The half-year figures will be published on 18 July 2019.
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