Yowie Group Limited reported sales results for the second quarter and first half of fiscal 2018. For the quarter, the company's net sales were USD 5.4 million, a 23% increase on sales in the corresponding period of fiscal year 2017.

For the first half of 2018, the group net sales were USD 10 million, representing growth of 7.5% over the opening half of the previous year.

The company provided sales Guidance for the fiscal year of 2018. For the full year, the company's net sales growth guidance for the full fiscal year of 2018 financial year has been revised to 17% against the fiscal year of 2017 from 55%.

The board of Yowie Group Limited has agreed with Bert Alfonso that he will step down from his position of Global CEO and resign as a director, effective 2nd January 2018. Mark Schuessler, formerly Global COO and Head of Yowie North America, will assume the role of Global CEO from that date. Bert will assist in an orderly handover to Mark. Mark Schuessler joined the company in mid-2016, leading international market development and operations initially, then the whole North American business from August 2017. Prior to joining the company, he was President and COO of Doumak.