Benckiser On Track to Achieve Targets.AMSTERDAM--(BUSINESS WIRE)--Oct. 8, 1998--Benckiser N.V. (AEX AEX See: Amsterdam Exchange : BNV; NYSE NYSE See: New York Stock Exchange : BNV) today confirmed that it remains on track to achieve its targets. Speaking at an investor conference today in Amsterdam, Dr. Manfred Klein, Chief Financial Officer, said: "The development in the first half of 1998 puts us solidly on track to achieve our earlier communicated mid-term targets of 5-7% Net Revenue growth, 10% Operating Income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. growth and 15% Net Income growth. "Benckiser represents an exciting opportunity to invest in one of the world's leading household product companies, with strong visible earnings, cash flow, and attractive growth. We have strong market leadership positions in attractive niche categories. We have an outstanding growth track record, and strong future growth potential." Note Benckiser N.V. is a global manufacturer of niche household cleaning products headquartered in Amsterdam, The Netherlands. In 1997 the Company reported net revenues of NLG NLG The ISO 4217 currency code for the Dutch Guilder. 3.6 billion and net earnings of NLG 154.8 million. Benckiser sells its products in more than 45 countries around the world under leading brand names as Calgon Water Softeners, Vanish Laundry additives, and Cillit and Lime-A-Way Limescale Limescale is the hard, off-white, chalky deposit found in kettles, hot-water boilers and the inside of inadequately maintained hot-water central heating systems. It is also often found as a similar deposit on the inner surface of old pipes and other surfaces where 'hard water' has Cleaners. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results may differ materially from those projected or implied in such forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results. These risks and uncertainties are discussed in the Company's SEC filings, including, but not limited to, the Company's Annual Report on Form 20-F. |
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