TER BEKE
Ter Beke is a listed Belgian fresh food Group with ten production sites making charcuterie for the Benelux market and cooked pastas for the European market. Ter Beke is the leader in the pre-packaged charcuterie sector and the European leader in fresh lasagne. It markets its products under the brand names Come a Casa, L’Ardennaise, Daniël Coopman, Vamos and Pluma.
In 2009, turnover and net earnings fell from EUR 393 million
to EUR 392 million and rose from EUR 7.60 million to
EUR 8.25 million respectively. Stagnation in turnover was
influenced by the cancellation of non-profitable contracts
in France.
EBITDA increased by 17.7%, rising from EUR 29.9 million
to EUR 35.2 million.
This rise was above all a consequence of optimising the product mix, new efficiency improvements throughout the entire supply chain, and sustained efforts in terms of cost control and reduction.
Ter Beke invested EUR 17 million in tangible fixed assets
in 2009.
The principal investment projects related to installing two
new charcuterie cutting and packaging lines, and relocating
slicing from the Hendrik-Ido-Ambacht site to the Ridderkerk
site. In the prepared food division, the company has
above all invested in continued rationalisation of production
activities on the Wanze and Marche-en-Famenne sites.
In 2010, the Group will increase the rate of its investments
in both divisions.
The Group is confident that it will be able, barring unforeseen circumstances, to continue its growth and to repeat the improvement in its 2009 earnings in 2010.
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