Raisio, the Finnish food group, is forging ahead with its strategy to expand in new markets and categories despite operational challenges hitting first-half results, interim chief executive Jarmo Puputti tells FoodNavigator.
African meat giant Zambeef has increased operating profit for the second year in a row, reporting a strong rise in trading figures to 30 September 2016.
Greencore’s food-to-go strategy is working well, both at home and in the US, claims ceo Patrick Coveney, as the manufacturer posted half-year group revenue up by 7.5% to £691.6M.
Saudi food producers are seeing mixed first quarter results, as Almarai announced 12% Q1 growth, while the Savola Group cut its quarterly profit forecast by half.
DuPont is reaping the benefit of its €5bn 2011 acquisition of Danish probiotics and enzymes giant Danisco, with its nutrition and health division showing 23% profit growth in a “sluggish” world market.
Boparan Holdings, the holding company for 2 Sisters Food Group, has reported strong progress in its third financial quarter (Q3), with its protein division contributing significantly to sales and profitability.
Dairy and beverages giant Danone is targeting €200M (£172.7M) in savings in Europe by 2015 by “adapting its structures and costs” as the tough economic climate continues to bite.
Barry Callebaut has reported a slight dip in half-year profits as lower cocoa prices meant customers were paying less for the company’s range of cocoa ingredients compared to last year.
Lindt & Sprüngli’s operating profit rose 10.3% in 2012 and the company has declared itself “partially unaffected” by the continuing economic downturn as consumers still seek quality chocolate in tough times.
Sweden-based vegetable fats firm Aarhuskarlshamn AB (AAK) has reported increased operating profit for the fourth quarter, although volumes were hit by hurricane Sandy in the fourth quarter.
A recent M&A wave in brewing means that ‘global giants’ AB InBev, SAB Miller, Heineken, Carlsberg and CR Snow are piling the pressure on local players, particularly in markets such as China.
Operating profits dropped in two of the Real Good Food Company’s (RGFC) bakery businesses – Haydens and R&W Scott – but analysts say the group is on track entering the critical Christmas period.
A bumper performance in the sugar market has helped Associated British Foods balance sharply declining profits in its ingredients and grocery businesses.
Ingredients supplier CSM has suffered a 23% fall in profits in its first quarter (Q1) results driven by weaker demand in artisanal bakery in Europe, which could force job losses.
Danisco has nudged up its full year outlook after a strong Q2, and is cautiously positive that mitigation measures will protect its enablers division from the raw material hikes on the horizon.
Strong performance in the Americas, particularly for bakery ingredients, has seen Associated British Foods (ABF) post an operating profit up 25 per cent.
Food and beverage ingredient demand has been ‘stable’ in Tate & Lyle’s Q1, says the company in its interim statement, and the year so far has exceeded expectations.
DSM is introducing stringent cost-saving measures to withstand the economic slump despite a good performance from nutrition, including slashing 1000 jobs from across its businesses.
The sale of Tate & Lyle’s international sugar trading business to US oilseed firm Bunge is now unconditional, removing the UK sweetener group from the volatile sugar market.
Risk management tools benefiting from volatile commodity markets
bring strong gains to US ingredients giant ADM in the latest
quarter, but profit for starch and sweeteners impacted by higher
corn prices.
Real Good Food today reported a drop in profits for 2007, which the
UK-based firm blamed on ongoing EU sugar reforms as well as the
escalating price of raw ingredients.
Danisco is reorganising its ingredients business in a bid to target
market trends like health and wellness more closely, and deal with
issues that have been affecting parts of its portfolio.
The Sudzucker group has reported a 18.3 per cent increase in sales
for the first nine months of its year thanks to special products
and fruit preparations, while sugar was responsible for a big drop
in operating profit.
Chr Hansen has announced plans to divest its coatings and
excipients business in order to focus on core activities in
cultures, enzymes, natural colours and flavours.
Agrana has reported its first set of annual results in which its
fruit segment outstripped sugar and starch as a source of revenue,
following a refocus in the wake of EU sugar reform.
Israeli flavours and ingredients supplier Frutarom has reported
sales growth in Q2 2006 to US$72.3m. Although profits were impacted
by price drops in natural raw materials and energy price hikes, new
acquisitions are still on the...
Troubled catering firm Compass Group today announced a five per
cent drop in first-half operating profit, amid allegations the
company bribed UN officials for war contracts.
As the American retail sector struggles to compete with Wal-Mart's
discount strategy, Marsh has become the latest in a string of
supermarkets to sell out to a private equity firm.
Despite a tough trading environment and serious fire damage to a
processing plant, British snack firm United Biscuits has delivered
a sizeable full-year profit rise of 25 per cent.
Frutarom's continuing trend of increased sales and profitability
vindicates the Israeli flavour firm's rapid expansion within
certain strategic geographic regions.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
South American and Asian yeast markets bring strong gains in the
first half, offsetting weaker markets in the US and Turkey,
London-based sugar and ingredients group Associated British Foods
reports today, writes Lindsey Partos.
Spice company McCormick said yesterday that its Q1 profits and
sales were lower than expected, pushed down by struggling vanilla
prices, but remained confident for the rest of the year, writes
Philippa Nuttall.
Compound ingredients for the snack industry, inulin and sugar
activities lift operating profit in 2004 for Dutch ingredients and
foodstuffs group Royal Cosun.
A soaring premium beer market in Russia and growing consumption in
Poland and Romania are driving forward a major international
brewer's European profits by offsetting problems in Hungary and
Slovakia, writes Chris Mercer.
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has delivered strong profit for the
year, boosted by the integration of recently acquired US
confectionery firm Brach's and...
Polish soft drinks manufacturer Hoop, a significant player in the
European soft drinks market, has announced a drop in profits for
the financial year 2003 following an increase in expenditure
related to the enhancement of production...
