The newly listed pure-play tea and coffee business D.E Master Blenders 1753 has unveiled its first set of results showing sales growth of 9.5 percent on a like-for-like basis for fiscal year 2012.
Its CEO Michiel Herkemij said in a video interview that it was a pleasing performance for a business in transition and that now the company could look forward to further growth thanks to a strategy based around making the organization more efficient and an exciting innovation pipeline.
Herkemij said in a prepared statement, "I'm very confident with the team on ground, with the strengthening of our organization, with the transformational roadmap that we have laid out and innovations that come to the market, that we can improve our performance versus 2012."
The company's CFO, Michel Cup, in a further interview, gives financial guidance for 2013 and outlines the dividend policy for the on-going business, which now reports under IFRS following its successful demerger from Sara Lee.
The interview and transcript are available now on http://www.cantos.com/company/D.E%20Master%20Blenders%201753.