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.
Greencore has ended talks with an anonymous bidder for the food group with the Irish firm citing the financial crisis as the reason for the deal to have fallen through.
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.
Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
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.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
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.
Neogen has posted a 33 per cent jump in Q2 net income from the previous quarter, with most market segments in its Food Safety Division showing strong growth.
Kerry Group’s strong interim performance has prompted the Irish ingredients and finished product firm to raise its earnings forecast, with more investment planned in emerging regions.
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.
Recently floated Chr Hansen has reported 11 percent growth in revenue for the first three quarters of 2009/10, with increased across all three of its business divisions.
Neogen has reported a 38 per cent year-on-year jump in Q3 2010 net income to almost US$4m on the back of booming sales of its food safety kits as it continues to buck the recessionary trend.
Associated British Foods has started its new financial year with a surprisingly good performance from its sugar business, causing analysts to raise their eyebrows and their H1 expectations.
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.
Naturex has reported solid revenue growth for Q4 2008, closing a year of integrating new acquisitions into its business and developing a network with new offices around the world.
German flavour and fragrance manufacturer Symrise remains confident of seeing growth for the remainder of this year and next, despite the financial downturn which is gripping the world markets.
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.
Collaboration with customers, cautious pricing, a simplified
structure and innovation all helped Kerry Ingredients achieve
profit increases despite soaring raw material costs.
Barry Callebaut reported increased sales volume for the first
quarter of this fiscal year as a result of a mounting trend for
food manufacturers to outsource their chocolate needs.
Bunge, a supplier of agricultural and edible oil products to the
food industry, today reported that earnings more than doubled in
its third quarter on the back of strong market conditions.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Danisco recorded revenue of DKK 15,220 million in the first three
quarters of 2006/07, a period which saw significant structural
change within the company.
Ingredients firm Bunge has continued to see an improved performance
in its last quarter, prompting the company to forecast a year of
"improved earnings" next year.
US agricultural and chemicals firm DuPont has reported a surge in
fourth quarter net income, but results were dragged down by a weak
performance from the company's agriculture and nutrition division.
Flavors company Sensient Technologies has reported a third
consecutive quarter of strong sales growth on the back of good
demand and price increases for its products.
The Ireland-based Kerry Group says difficulties in raising prices
to recover the increased cost of energy slowed its growth during
the first six months of the year.
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.
European sugar giant Suedzucker expects a revenue increase of 5 per
cent in 2006 / 07, underlining the group's confidence in the future
of the EU sugar sector.
Biotech giant Monsanto has reported strong results for its third
quarter, with its sales continuing to benefit from a good
performance by its seeds and traits business.
Disgraced Italian dairy giant Parmalat, still suffering from 2003's
fraud revelations, has posted a jump in first-quarter income -
thanks to CEO Enrico Bondi's recuperation strategy.
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
cost minimisation.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Leading manufacturer Heinz has reported a 24 per cent drop in
third-quarter net income as downsizing, restructuring and increased
commodity costs take their toll.
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.
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.
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.
Rising raw material costs lead to decline of $0.58m in Galaxy's
gross margin for 3Q 2005, leading to price hikes and expense cuts
throughout the remainder of the fiscal year.
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.
