YAVNE, Israel, Nov. 24,
2022 /PRNewswire/ -- G. Willi-Food International
Ltd. (NASDAQ: WILC) (the "Company" or
"Willi-Food"), a global company that specializes in the
development, marketing and international distribution of kosher
foods, today announced its unaudited financial results for the
third quarter ended September 30,
2022.
Third Quarter Fiscal Year 2022
- Sales increased by 16.6% to NIS 123.9
million (US$ 34.9 million)
from NIS 106.3 million (US$ 29.9 million) in the third quarter of
2021.
- Gross profit increased by 15.6% year-over-year to NIS 34.1 million (US$ 9.6
million).
- Operating income increased by 16.7% year-over-year to
NIS 9.5 million (US$ 2.7 million).
- Net profit increased by 46.1% year-over-year to NIS 7.6 million (US$ 2.1
million).
- Cash and securities balance of NIS 292.5
million (US$ 82.6 million) as
of September 30, 2022.
- Basic earnings per share of NIS
0.55 (US$ 0.16).
Management Comment
Zwi Williger &
Joseph Williger, Co-Chairmen of the
Board of Willi-Food, commented: "We are pleased to present the
third quarter 2022 financial results which show
significant increase in sales and improvements with all profit
parameters compared to the third quarter of 2021. During the last
period, there has been increased public discourse focusing on the
increasing cost of living in Israel. We believe that, this discussion has
led to a change in consumption habits of consumers, that translate
to an increase with the consumption of non-branded food products
replacing consumption of branded food products. We believe that our
company that imports and sells mainly high quality
non-branded food products is in good position to benefit from
the increased focus on the cost of living in Israel.
Third Quarter Fiscal 2022 Summary
Sales for the third quarter of 2022 increased by 16.6% to
NIS 123.9 million (US$ 34.9 million) from NIS
106.3 million (US$ 29.9
million) in the third quarter of 2021. Sales increased
mainly due to (i) increasing the range of the Company's products
(ii) proper inventory management and (iii) improving the presence
of the Company's line of products in stores.
Gross profit for the third quarter of 2022 increased by 15.6% to
NIS 34.1 million (US$ 9.6 million), or 27.5% of revenues, compared
to NIS 29.5 million (US$ 8.3 million), or 27.7% of revenues in the
third quarter of 2021. The increase in gross profit was due to the
increase in sales.
Selling expenses increased by 17.2% to NIS 18.7 million (US$ 5.3
million) compared to NIS 15.9
million (US$ 4.5 million) in
the third quarter of 2021. The increase was primarily due to an
increase in expenses for advertising and promotion.
General and administrative expenses increased by 8.2% to
NIS 5.9 million (US$ 1.7 million) compared to NIS 5.4 million (US$ 1.5
million) in the third quarter of 2021 primarily due to an
increase in management compensation as a result of grants made
under the Company's option plan.
Operating profit for the third quarter of 2022 increased by
16.7% to NIS 9.5 million
(US$ 2.7 million) compared to
NIS 8.2 million (US$ 2.3 million) in the third quarter of 2021.
The increase was primarily due to the increase in sales and gross
profit.
Financial income, net totaled NIS 0.04
million (US$ 0.01 million)
compared to Financial expense, net of NIS
1.6 million (US$ 0.4 million)
in the third quarter of 2021.
Willi-Food's income before taxes for the third quarter of 2022
was NIS 9.6 million (US$ 2.7 million) compared to NIS 6.6 million (US$ 1.9
million) in the third quarter of 2021.
Willi-Food's net profit in the third quarter of 2022 was
NIS 7.6 million (US$ 2.1 million), or NIS
0.55 (US$ 0.16) per share,
compared to NIS 5.2 million
(US$ 1.5 million), or NIS 0.38 (US$ 0.11)
per share, in the third quarter of 2021.
Willi-Food ended the third quarter of 2022 with NIS 292.5 million (US$
82.6 million) in cash and securities. Net cash used in
operating activities for the third quarter of 2022 was NIS 12.8 million (US$ 3.6
million).
First Nine Months of Fiscal 2022 Highlights
- Sales increased by 8.2% to NIS 365.1
million (US$ 103.1 million)
from NIS 337.3 million (US$ 95.2 million) in the first nine months of
2021.
- Gross profit increased by 4.4% year-over-year to NIS 107.1 million (US$
30.2 million).
- Operating income decreased by 9.3% year-over-year to
NIS 33.5 million (US$ 9.4 million).
- Net profit decreased by 32.6% year-over-year to NIS 28.5 million (US$ 8
million), or 7.8% of sales.
- Basic earnings per share of NIS
2.05 (US$ 0.58).
First Nine Months Fiscal 2022 Summary
Sales for the first nine-months period ending September 30, 2022 increased by 8.2% to
NIS 365.1 million (US$ 103.1 million) compared to NIS 337.3 million (US$
95.2 million) in the first nine months of 2021. Sales
increased mainly due to (i) increasing the range of the Company's
products, (ii) proper inventory management and (iii) improving the
presence of the Company's line of products in stores.
Gross profit for the first nine-months of 2022 increased by 4.4%
to NIS 107.1 million (US$ 30.2 million), or 29.3% of revenues, compared
to NIS 102.6 million (US$ 29.0 million), or 30.4% of revenues, in the
first nine months of 2021. The increase in the gross profit was
mainly due to the increased sales.
Operating profit for the first nine-months of 2022 decreased by
9.3% to NIS 33.5 million
(US$ 9.4 million) from NIS 36.9 million (US$ 10.4
million) for the first nine-months of 2021. The decrease was
primarily due to an increase in expenses for advertising and
promotion.
Financial income net, totaled NIS 0.9
million (US$ 0.3 million)
compared to financial income, net of NIS
17.6 million (US$ 4.9 million)
in the first nine months of 2021. Financial income, net for the
first nine months of 2022 was comprised mainly of income from
changes in exchange rates in the amount of NIS 3.5 (US$ 1.0
million), interest and dividend income from the Company's
portfolio of securities in the amount of NIS
6.8 million (US$ 1.9 million)
and expenses for revaluation of the Company's portfolio of
securities to fair value in the amount of NIS 8.9 million (US$ 2.5
million). Financial income, net for the first nine
months of 2021 was comprised mainly of income from the Company's
portfolio of securities in the amount of NIS
13.4 million (US$ 3.8
million).
Willi-Food's income before taxes for the first nine-months of
2022 was NIS 34.4 million
(US$ 9.7 million) compared to
NIS 54.5 million (US$ 15.3 million) in the first nine-months of
2021.
Willi-Food's net profit in the first nine-months of 2022 was
NIS 28.5 million (US$ 8 million), or NIS
2.05 (US$ 0.58) per share,
compared to NIS 42.3 million
(US$ 11.9 million), or NIS 3.05 (US$ 0.86)
per share, recorded in the first nine-months of 2021.
NOTE A: NIS to US$ exchange rate used for convenience
only
Convenience translation of New Israeli Shekels (NIS) into U.S.
dollars was made at the rate of exchange prevailing on September 30, 2022, with U.S. $1.00 equal to NIS
3.543. The translation is made solely for the convenience of
the reader.
NOTE B: IFRS
The Company's consolidated financial results for the three-month
period ended September 30, 2022 are
presented in accordance with International Financial Reporting
Standards ("IFRS").
About G. Willi-Food International Ltd.
G. Willi-Food International
Ltd. (http://www.willi-food.com) is an Israeli-based company
specializing in high-quality, great-tasting kosher food products.
Willi-Food is engaged directly and through its subsidiaries in the
design, import, marketing and distribution of over 600 food
products worldwide. As one of Israel's leading food importers, Willi-Food
markets and sells its food products to over 1,500 customers and
3,000 selling points in Israel and
around the world, including large retail and private supermarket
chains, wholesalers and institutional consumers. The Company's
operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly
owned subsidiary that designs, develops and distributes branded
kosher, dairy-food products.
FORWARD LOOKING STATEMENT
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding trends, demand for
our products and expected sales, operating results, and earnings.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. These risks and other factors include but are not
limited to: war in Ukraine, the
COVID-19 pandemic, disruptions to international commercial shipping
and disruptions in commodity pricing monetary risks including
changes in marketable securities or changes in currency exchange
rates- especially the NIS/U.S. Dollar exchange rate, payment
default by any of our major clients, the loss of one of more of our
key personnel, changes in laws and regulations, including those
relating to the food distribution industry, and inability to meet
and maintain regulatory qualifications and approvals for our
products, termination of arrangements with our suppliers, loss of
one or more of our principal clients, increase or decrease in
global purchase prices of food products, increasing levels of
competition in Israel and other
markets in which we do business, changes in economic conditions in
Israel, including in particular
economic conditions in the Company's core markets, our inability to
accurately predict consumption of our products and changes in
consumer preferences, our inability to protect our intellectual
property rights, our inability to successfully integrate our recent
acquisitions, insurance coverage not sufficient enough to cover
losses of product liability claims, and risks associated with
product liability claims. We cannot guarantee future results,
levels of activity, performance or achievements. The matters
discussed in this press release also involve risks and
uncertainties summarized under the heading "Risk Factors" in the
Company's Annual Report on Form 20-F for the year ended
December 31, 2021, filed with the
Securities and Exchange Commission on March
15, 2022. These factors are updated from time to time
through the filing of reports and registration statements with the
Securities and Exchange Commission. We do not assume any obligation
to update the forward-looking information contained in this press
release.
|
G. WILLI-FOOD
INTERNATIONAL LTD.
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
(unaudited)
|
|
|
September 30,
|
December 31
|
September 30,
|
December 31
|
|
2 0 2
2
|
2 0 2
1
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
2 0 2
1
|
|
NIS
|
US dollars
(*)
|
|
(in
thousands)
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
158,016
|
218,980
|
195,718
|
44,599
|
61,806
|
55,241
|
|
Financial assets
carried at fair value
through profit or loss
|
134,506
|
150,153
|
154,090
|
37,964
|
42,380
|
43,491
|
|
Trade
receivables
|
147,053
|
131,779
|
134,017
|
41,509
|
37,194
|
37,826
|
|
Other receivables and
prepaid expenses
|
3,161
|
3,969
|
4,939
|
890
|
1,121
|
1,394
|
|
Inventories
|
71,811
|
48,115
|
59,528
|
20,268
|
13,580
|
16,802
|
|
Current tax
assets
|
6,042
|
4,599
|
5,780
|
1,705
|
1,298
|
1,631
|
|
Total current
assets
|
520,589
|
557,595
|
554,072
|
146,935
|
157,379
|
156,385
|
|
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
|
|
Property, plant and
equipment
|
92,067
|
87,868
|
87,245
|
25,986
|
24,800
|
24,625
|
|
Less - Accumulated
depreciation
|
51,689
|
49,563
|
48,431
|
14,589
|
13,989
|
13,669
|
|
40,378
|
38,305
|
38,814
|
11,397
|
10,811
|
10,956
|
|
|
|
|
|
|
|
|
Right of use
asset
|
3,679
|
4,695
|
4,088
|
1,038
|
1,325
|
1,154
|
|
Financial assets
carried at fair value
through profit or loss
|
31,922
|
29,374
|
31,056
|
9,010
|
8,291
|
8,765
|
|
Goodwill
|
36
|
36
|
36
|
10
|
10
|
10
|
|
Total non-current
assets
|
76,015
|
72,410
|
73,994
|
21,455
|
20,437
|
20,885
|
|
|
|
|
|
|
|
|
596,604
|
630,005
|
628,066
|
168,390
|
177,816
|
177,270
|
|
EQUITY AND
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
Current maturities of
lease liabilities
|
569
|
1,372
|
1,136
|
161
|
387
|
321
|
|
Trade
payables
|
16,985
|
(**)22,707
|
20,386
|
4,794
|
6,409
|
5,754
|
|
Employees
Benefits
|
3,744
|
3,411
|
3,442
|
1,057
|
963
|
971
|
|
Financial liabilities
at fair value through
profit or loss
|
-
|
(**)3,095
|
13,960
|
-
|
874
|
3,940
|
|
Other payables and
accrued expenses
|
8,045
|
22,145
|
11,216
|
2,270
|
6,249
|
3,166
|
|
Total current
liabilities
|
29,343
|
52,730
|
50,140
|
8,282
|
14,882
|
14,152
|
|
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
Lease
liabilities
|
3,310
|
3,466
|
3,062
|
934
|
978
|
864
|
|
Deferred
taxes
|
1,997
|
3,823
|
2,017
|
564
|
1,079
|
569
|
|
Retirement benefit
obligation
|
1,811
|
1,934
|
1,615
|
511
|
546
|
456
|
|
Total non-current
liabilities
|
7,118
|
9,223
|
6,694
|
2,009
|
2,603
|
1,889
|
|
Shareholders'
equity
|
|
|
|
|
|
|
|
Share
capital
|
1,490
|
1,490
|
1,490
|
421
|
421
|
421
|
|
Additional paid in
capital
|
170,760
|
170,760
|
170,760
|
48,196
|
48,196
|
48,196
|
|
Capital fund
|
247
|
247
|
247
|
70
|
70
|
70
|
|
355
|
-
|
-
|
100
|
0
|
0
|
|
Treasury
shares
|
(628)
|
(628)
|
(628)
|
(177)
|
(177)
|
(177)
|
|
Retained
earnings
|
388,878
|
397,505
|
400,322
|
109,760
|
112,194
|
112,990
|
|
Remeasurement of the
net liability in
respect of defined benefit
|
(959)
|
(1,322)
|
(959)
|
(271)
|
(373)
|
(271)
|
|
Equity attributable
to owners of the
Company
|
560,143
|
568,052
|
571,232
|
158,099
|
160,331
|
161,229
|
|
|
|
|
|
|
|
|
596,604
|
630,005
|
628,066
|
168,390
|
177,816
|
177,270
|
|
(*)
Convenience translation into U.S. dollars.
(**) Reclassified
|
|
|
G. WILLI-FOOD
INTERNATIONAL LTD.
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(unaudited)
|
|
|
|
Nine months
|
Three months
|
Nine months
|
|
ended
|
ended
|
ended
|
|
September 30,
|
September 30,
|
September 30,
|
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
|
NIS
|
US dollars
(*)
|
|
In thousands (except
per share and share data)
|
|
|
|
|
|
|
|
|
Sales
|
365,124
|
337,325
|
123,900
|
106,268
|
103,055
|
95,209
|
|
Cost of
sales
|
258,029
|
234,705
|
89,829
|
76,808
|
72,828
|
66,245
|
|
|
|
|
|
|
|
|
Gross
profit
|
107,095
|
102,620
|
34,071
|
29,460
|
30,227
|
28,964
|
|
|
|
|
|
|
|
|
Operating costs and
expenses:
|
|
|
|
|
|
|
|
Selling
expenses
|
56,275
|
48,706
|
18,678
|
15,935
|
15,883
|
13,747
|
|
General and
administrative expenses
|
17,349
|
17,179
|
5,856
|
5,415
|
4,897
|
4,849
|
|
Other income
|
-
|
200
|
-
|
63
|
-
|
57
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating
expenses
|
73,624
|
65,685
|
24,534
|
21,287
|
20,780
|
18,539
|
|
|
|
|
|
|
|
|
Operating
profit
|
33,471
|
36,935
|
9,537
|
8,173
|
9,447
|
10,425
|
|
|
|
|
|
|
|
|
Financial
income
|
11,194
|
21,390
|
2,616
|
3,015
|
3,159
|
6,037
|
|
Financial
expense
|
(10,296)
|
(3,825)
|
(2,580)
|
(4,602)
|
(2,906)
|
(1,080)
|
|
|
|
|
|
|
|
|
Total financial
income (expense)
|
898
|
17,565
|
36
|
(1,587)
|
253
|
4,957
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before taxes
on income
|
34,369
|
54,500
|
9,573
|
6,586
|
9,700
|
15,382
|
|
|
|
|
|
|
|
|
Taxes on
income
|
5,881
|
12,216
|
1,951
|
1,372
|
1,660
|
3,448
|
|
|
|
|
|
|
|
|
Profit for the
period
|
28,488
|
42,284
|
7,622
|
5,214
|
8,040
|
11,934
|
|
|
|
|
|
|
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
Basic/ diluted
earnings per share
|
2.05
|
3.05
|
0.55
|
0.38
|
0.58
|
0.86
|
|
|
|
|
|
|
|
|
Shares used in
computation of
basic/diluted EPS
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
|
Actual number of
shares
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
13,867,017
|
|
(*) Convenience
translation into U.S. dollars.
|
|
|
|
|
|
|
|
|
G. WILLI-FOOD
INTERNATIONAL LTD.
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
Nine months
|
Three months
|
Nine months
|
|
ended
|
ended
|
ended
|
|
September 30,
|
September 30,
|
September 30,
|
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
|
NIS
|
US dollars
(*)
|
|
(in
thousands)
|
|
|
|
|
|
|
|
|
CASH FLOWS -
OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
Profit from continuing
operations
|
28,488
|
42,284
|
7,623
|
5,214
|
8,040
|
11,934
|
|
Adjustments to
reconcile net profit to net cash used
to continuing operating activities (Appendix
A)
|
(18,996)
|
19,524
|
5,251
|
33,372
|
(5,361)
|
5,511
|
|
|
|
|
|
|
|
|
Net cash used in
continuing operating activities
|
9,492
|
61,808
|
12,874
|
38,586
|
2,679
|
17,445
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS -
INVESTING ACTIVITIES
|
|
|
|
|
|
|
|
Acquisition of property
plant and equipment
|
(4,823)
|
(4,763)
|
(1,447)
|
(1,130)
|
(1,361)
|
(1,345)
|
|
Proceeds from sale of
marketable securities, net
|
9,833
|
2,174
|
(2,223)
|
(12,987)
|
2,775
|
614
|
|
Proceeds from sale of
property plant and equipment
|
-
|
200
|
-
|
63
|
-
|
56
|
|
Proceeds from loans
granted to others
|
-
|
18,707
|
-
|
-
|
-
|
5,280
|
|
|
|
|
|
|
|
|
Net cash used in
continuing investing activities
|
5,010
|
16,318
|
(3,670)
|
(14,054)
|
1,414
|
4,605
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS -
FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
Lease liability
payments
|
(1,611)
|
(1,605)
|
(583)
|
(601)
|
(455)
|
(453)
|
|
Dividend
|
(39,932)
|
(59,975)
|
(19,966)
|
(59,975)
|
(11,271)
|
(16,928)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used to
continuing financing activities
|
(41,543)
|
(61,580)
|
(20,549)
|
(60,576)
|
(11,726)
|
(17,381)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
in cash and cash equivalents
|
(27,041)
|
16,546
|
(11,345)
|
(36,044)
|
(7,633)
|
4,669
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents at the beginning of
the financial period
|
195,718
|
201,822
|
171,251
|
255,510
|
55,241
|
56,964
|
|
|
|
|
|
|
|
|
Exchange losses
(profit) on cash and cash equivalents
|
(10,661)
|
612
|
(1,890)
|
(486)
|
(3,009)
|
173
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents of the end of the
financial year
|
158,016
|
218,980
|
158,016
|
218,980
|
44,599
|
61,806
|
|
(*)
Convenience Translation into U.S. Dollars.
|
|
|
|
|
|
|
|
|
G. WILLI-FOOD
INTERNATIONAL LTD.
|
|
APPENDIX A TO
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(unaudited)
|
|
|
CASH FLOWS -
OPERATING ACTIVITIES:
|
|
|
A.
Adjustments to reconcile net profit to net cash from operating
activities:
|
|
|
|
|
|
Nine months
|
Three months
|
Nine months
|
|
ended
|
ended
|
ended
|
|
September 30,
|
September 30,
|
September 30,
|
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
2 0 2
2
|
2 0 2
1
|
|
NIS
|
US dollars
(*)
|
|
(in
thousands)
|
|
|
|
|
|
|
|
|
Decrease (increase) in
deferred
income taxes
|
(20)
|
3,055
|
(201)
|
660
|
(6)
|
862
|
|
Unrealized loss (gain)
on marketable
securities
|
8,885
|
(13,301)
|
1,892
|
(1,182)
|
2,508
|
(3,754)
|
|
Depreciation and
amortization
|
4,958
|
4,732
|
1,660
|
1,631
|
1,399
|
1,336
|
|
Capital gain on
disposal of property
plant and equipment
|
-
|
(200)
|
|
(63)
|
|
(56)
|
|
Exchange gain (losses)
on cash and
cash equivalents
|
10,661
|
(612)
|
1,890
|
486
|
3,009
|
(173)
|
|
Unrealized gain of
financial liabilities
at fair value through profit or loss
|
(13,960)
|
-
|
(1,310)
|
-
|
(3,940)
|
-
|
|
Share-based payment
expense
|
355
|
-
|
355
|
-
|
100
|
-
|
|
Changes in assets
and liabilities:
|
|
|
|
|
|
|
|
Increase (decrease) in
trade
receivables and other receivables
|
(496)
|
(**)
15,183
|
8,588
|
(**)
785
|
(140)
|
4,286
|
|
Decrease (increase) in
inventories
|
(12,283)
|
11,399
|
2,066
|
10,348
|
(3,467)
|
3,217
|
|
Increase (decrease) in
trade and other
payables, and other current
liabilities
|
(6,073)
|
12,865
|
(6,767)
|
16,868
|
(1,713)
|
3,631
|
|
Income tax
paid
|
(11,023)
|
(**)
(13,597)
|
(2,922)
|
(**) 3,839
|
(3,111)
|
(3,838)
|
|
Net cash flows from
operating
activities
|
(18,996)
|
(**)
19,524
|
5,251
|
(**)33,372
|
(5,361)
|
5,511
|
|
|
|
|
|
(*)
Convenience Translation into U.S. Dollars.
|
|
(**) Reclassified
|
|
This information is
intended to be reviewed in conjunction with the Company's filings
with the Securities and
Exchange Commission.
|
Company Contact:
G. Willi - Food International Ltd.
Yitschak Barabi, Chief Financial
Officer
(+972) 8-932-1000
itsik.b@willi-food.co.il
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SOURCE G. Willi-Food International Ltd.
