Savola

Savola annual profit down 13%, as new CEO takes over

28-Jan-2016 By Eliot Beer

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.

Savola profits down 15%, more falls to come

11-Aug-2015 By Eliot Beer

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.

Savola accused of dumping oil in Iranian market

24-Jul-2015 By Eliot Beer

Savola Group’s Iranian subsidiary is under fire in Iran for allegedly dumping vegetable oil in the market, a month after MPs attacked the Saudi firm’s investments in the country.

Savola sees rocky first half as it beats Q1 profit forecast

04-May-2015 By Eliot Beer

Savola Group beat its own first quarter forecasts, but still saw a like-for-like fall in profits, as it warned Q2 would also be weak.

Savola 2014 profit up 21%, but Q4 misses targets

27-Jan-2015 By Eliot Beer

Saudi food giant Savola Group announced a 21.5% growth in full-year profit of US$551m, but saw Q4 profits fall, missing analyst predictions.

Savola profits up 32% as it focuses on food business

01-Aug-2014 By Eliot Beer

Saudi food producer Savola Group announces second quarter profits of US$137m, up 32%, as it seeks to sell its packaging unit and its CEO reveals he is to step down.

Food producers reveal mixed full-year results

11-Feb-2014 By Eliot Beer

Regional food manufacturers have seen mixed results 2013, with Savola Group's earnings up 21% and Agthia up 28%, but dairy giant Almarai posting profits of just 4%.