Koninklijke Wessanen N.V. reported unaudited earnings results for the fourth quarter and audited results for the full year ended December 31, 2016. The company reported revenue of EUR 146.8 million, operating result of EUR 1.3 million, profit before income tax of EUR 1 million, profit attributable to equity holders of EUR 0.5 million or EUR 0.01 per diluted share against revenue of EUR 133.9 million, operating result of EUR 6.5 million, profit before income tax of EUR 6.2 million, profit attributable to equity holders of EUR 15.1 million or EUR 0.20 per diluted share a year ago.

For the year, the company reported revenue of EUR 570 million, operating result of EUR 34.3 million, profit before income tax of EUR 32.5 million, profit attributable to equity holders of EUR 22.8 million or EUR 0.30 per diluted share against revenue of EUR 523 million, operating result of EUR 34.6 million, profit before income tax of EUR 32.3 million, profit attributable to equity holders of EUR 37.3 million or EUR 0.49 per diluted share a year ago. Net cash from operating activities was EUR 38 million against EUR 22.9 million a year ago. Acquisition of property, plant and equipment was EUR 5.2 million against EUR 6.5 million a year ago. Net debt was EUR 83.5 million.

For the fiscal 2017, the company expects EBITE % of revenue to be above 8% for the full year, net financing costs around 2.0-2.5 million, tax rate around 30%, capital expenditures 13-15 million and depreciation and amortisation 8-9 million.