Swiss dairy company Emmi has released its year-end results, which showed earnings before interest and taxes (EBIT) rose by 7.3 % to CHF 202.7m ($204.2m).
Saudi food producer Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year, with food revenues falling 8.6%, brought down by its edible oil operations.
Savola’s full-year profits were down 13.5% on 2014 at US$478m thanks to a subsidiary sale, as Q4 profits beat analyst predictions, and the firm announced a new CEO appointment.
Saudi food giants Savola and Almarai reported very different Q3 results, with Savola’s profit dropping 47% to US$99m, and Almarai’s up 10.3% at US$158.7m, but both missing analyst’s forecasts.
The Savola Group saw profits fall 15% in its second quarter, and warns full-year profits could be down 10%, because of oversupply of commodities and a larger retail sector.
Saudi food producer Almarai announced a 22.4% rise in profits to reach US$141m for its second quarter, with increased sales, but also a US$87.5m write-down of its subsidiaries.
Profits at Danish Crown have increased by 28% in the first half of the 2014/15 financial year, due in part to the takeover of the remaining 50% of leading Polish meat producer Sokołów last year.
Danish Crown has seen revenue slip slightly on last year’s figures in its latest financial statement, from DKK 58,164m (€7,824m) in 2012/13 to DKK 58,029m for the current financial year.
Barry Callebaut has returned to net profit growth in its half year results as it further integrates the cocoa ingredients business acquired from Petra Foods.
Flavours and fragrance firm Symrise AG has said it is on track to remain one of the most profitable companies in its sector, reporting strong sales and earnings growth in the third quarter.
A leading international meat processor announced today that it will “discontinue” its primary pork production in Russia and all other production operations in Moscow.
Flavour and fragrance firm Symrise has reported a 7% rise in its net annual profit despite increased raw material prices and start-up costs for the doubling of its menthol capacities.
Russian meat manufacturer Cherkizovo Group has reported strong performance in the first half of 2012, with rising demand for poultry and high pork prices helping to drive profits.
Associated British Foods (ABF) has said that its full year results will include a £100m (€125m) impairment charge for its Australian meat business – although it expects second half earnings to be in line with expectations.
DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.
German ingredients group Südzucker reports a sharp rise in profits for the first half of its financial year, citing gains from its sugar and fruit segments as being particular growth drivers.
New, mainly natural, products with higher than average margins have helped flavour and specialty ingredient firm Frutarom to widen its overall margin performance in the third quarter.
The chocolate and confectionery fats division showed strong seasonal volume improvements, claims leading oil and fats supplier AarhusKarlshamn as it releases third quarter financial results for 2010.
Strong performance in DSM’s nutrition segment helped the company achieve third-quarter operating profit of €185m; up 28 per cent on the €144m reported in the same quarter of last year.
British cake manufacturer Finsbury Foods have reported a net profit drop of 45 per cent for H2 of 2008, but remain bullish with revenue up by 11 per cent.
Corn Products International has reported a 29 percent growth in net
revenue for the first quarter ended March 2008, over the same
quarter of the prior year, driven largely by its performance and
pricing in the Americas.
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Leading US ingredient firm Cargill last week reported strong fiscal
year earnings, although the performance of the firm's food
ingredients business lagged the year-ago level.
MGP Ingredients (MGPI) is set for a major overhaul in its
ingredients operations, after disappointing results in the segment
for the company's fiscal year prompted it to announce that it will
review its entire ingredients business.
Leading chocolate manufacturer Barry Callebaut has reported an
increased operating profit (EBIT) of 14.6 per cent for the first
nine months of fiscal year 2005/06.
Barry Callebaut, the world's largest supplier of bulk chocolate,
plans to cut costs in Europe as the Swiss firm posts a fall in
revenue for nine month figures.
Danish ingredients group Chr Hansen, shortly to be sold to private
equity firm PAI, posts a small rise in revenue and a decent boost
in pre-tax profit for the nine months to May, reports Lindsey
Partos.
Flavors company Sensient Technologies said last week that
fourth-quarter earnings rose 2.5 percent, lifted by foreign
exchange rates and higher profit from sales of traditional flavors
in Europe and North America.
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Biotech giant Monsanto announced a smaller net loss for the first
quarter of 2005 than the same period last year thanks mainly to
increasing seed sales, but legal problems are still proving
expensive for the company.
Martek Biosciences last week announced its year-end results, noting
increased revenues and "robust growth" due primarily to higher
sales of nutritional products to the company's infant formula
licensees.
Cyanotech, the Hawaiian based nutraceutical firm, which saw a
return to profitability in fiscal 2004, appears to be benefiting
from growing public awareness of the health benefits of its
products, reporting solid results for the second...
Profits in the fourth quarter lept 9 per cent for US spice company
McCormick, helped by cost-cuts, new acquisitions and improved
supply chain efficiencies.
The world's top supplier of industrial chocolate to the
confectionery industry delivered a solid set of first quarter
figures yesterday with net profit rising by 17 per cent, boosted by
the integration of recently acquired US...
![Savola said of its full-year results: “[The decline] is attributed mainly due to the lower share of profit from one of the associates and disposal of Plastic Sector during Q1 of 2015.](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/7/4/3/2/2872347-1-eng-GB/Savola-annual-profit-down-13-as-new-CEO-takes-over.jpg)
