Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
Food and animal safety company Neogen reported a 30 percent boost to its net income to reach $22,839,000 for its 2011 fiscal year, which ended May 3. Net income climbed to $0.96 per share, compared with $0.76 per share the year before.
The rise of private label fruit juice is having a big impact on the juice industry, sparking a wave of consolidation. A mooted merger between Agrana Juice Holding and Ybbstaler Fruit Austria in Europe is the latest example.
Danish bioscience firm Chr. Hansen is raising its revenue predictions by 11-13 per cent for 2010/11 after what it describes as “strong growth” in its first quarter from the September 1, 2010 to the end of November.
Naturex’s has indicated that the first six months of 2010 have brought strong revenue-growth as it set about integrating the ingredients division recently acquired from Natraceutical, but all its business arms contributed to the fine results.
Naturex is expecting the natural trend to deliver a slight increase in revenues this year, and a substantial improvement in operating margin, despite a macroeconomic environment that is still sluggish.
Food firm Kerry delivers like-for-like trading profit of €134 million at its ingredients and flavours unit for the first half of 2008, thanks in part to 'prudent price actions' that have brought good cost recovery to the group.
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.
Iconic chocolate and snacks brand Hershey has announced
disappointing sales figures, but posted a seven per cent rise in
quarterly profit as the company works on product innovation and
Confectionery companies could always count on consumers to boost
sales at Christmas and other holiday seasons, but a report
published by Mintel adds more support to the notion that consumer
trends are changing.
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.
Barry Callebaut, the world's leading supplier of chocolate to the
confectionery industry, has reported a 6 per cent fall in first
quarter sales revenues to CHF1.15bn (€0.79bn) as squeezed margins
bit into its bottom line. The...
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.