The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andreas von Arx - Baader-Helvea Equity Research - Analyst
: First one is, could you give a rough estimate how big your co-creation business is, let's say, the ones you do with Ruby or when you do Magnum
ice cream? How much is that in percentage of sales? Is that somewhere between 5% to 10% or higher? And is the growth rate there -- how much
significantly higher is it compared to the group? I mean, it's a very high double-digit or any indication would be helpful.
Then with regards to your introduced adjusted net debt metric, I mean, can I here ask if you -- can you tell me what other of your competitors are
using such a metric? Just that we get a feeling that it's not very company-specific.
Then I have a third question, might take a second to explain that. But when I look at the 9 months result in food manufacturing, your growth rate
was around 6% and the growth rate in Outsourcing as well 6%. So I would assume the growth rate in non-Outsourcing was also 6%. If I look at the
fourth quarter, the growth rate in food manufacturing was around 7%.
If I look at the numbers you give for Outsourcing, I get to a growth rate, which is significantly down compared to the previous quarter, let's say,
3%, and the growth rate for the non-Outsourcing part, which is significantly up around -- let's say, around 9%. Is that the market dynamic that you
have experienced that, let's say, the non-Outsourcing part in food manufacturing is significantly higher in growth than the quarters before?
Question: Andreas von Arx - Baader-Helvea Equity Research - Analyst
: All right. I was more wondering about the non-Outsourcing part, where the growth rates changed so significantly. I mean, on the Outsourcing, it's
clear.
Question: Arthur John Reeves - Barclays Bank PLC, Research Division - Analyst
: Arthur Reeves from Barclays here. You haven't talked that much today about traceability in the supply chain. I know it's important to you. I think
it's increasingly important to your customers. Can you just give a quick update on where you are with that? Are more customers being interested
in what you can offer? And is that going to be a driver of growth next year?
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