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SOURCE D.E Master Blenders 1753
LONDON, February 27, 2013 /PRNewswire/ --
Pure-play coffee and tea company D.E MASTER BLENDERS 1753 has unveiled results for the first six month of the year showing top line sales growth in the half of 1.6% and an EBIT margin improvement of 100 basis points on the same time last year.
The figures encompass encouraging trends quarter on quarter although it's a mixed picture across the company's markets, with some countries such as Spain and France doing well, but with its core home market in the Netherlands recording disappointing numbers.
The factors at play in the market and within the organisation has led to the company to issue new guidance for 2013, although the company is re-iterating its mid-term guidance.
You can watch CEO Jan Bennink talk in-depth about his assessment of the business and CFO Michel Cup on the financial results at http://video.merchantcantos.com.
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