French vegetable processor Bonduelle broke €2bn in annual sales for the first time, despite what it described as “sluggishness of the consumption in Europe, [the] economic crisis in emerging countries, difficult harvests”.
Africa’s Zambeef expects full-year profits to be “materially higher” than previous estimates after beef, pork, dairy and feed operations enjoyed a spike in volume growth.
Associated British Foods (ABF) has revealed its adjusted operating profit will fall for the 52 weeks to September 12, by at least £30M, due to a significant weakening of the euro.
Flavour and fragrance firm Givaudan said increased sales of its flavours for snacks, beverages and dairy products in Latin America boosted its sales during 2012, as it reported a 15% increase in overall net profit.
Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
Novozymes saw double-digit growth for its food and beverage enzymes business in the first three months of the year, helping the Danish firm towards solid results and maintained ambitions for the full year.
Dutch bakery ingredients supplier CSM said it expects to further recover increased input costs through price hikes in the coming months, as it announces a dip in first-quarter profits.
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.
Frutarom’s double-digit growth in Q2 is due to accelerated growth in specialty fine ingredients and excellent flavours sales, says the firm, which has a rapid growth strategy in place.
Signs of recovery in the bakery ingredients market are not yet evident, according to Dutch supplier CSM as first quarter results released this week show a decline in volumes by 1.2 per cent on Q1 2009.
Flavour and fragrance ingredients company Treatt has posted increased revenues during the 2009 financial year helped by the strength of the US dollar, and better results from Earthoil.
Frutarom has reported a rise in net profit of 6.3 per cent to US$10m in the third quarter of this year and pledged to continue its acquisition strategy.
The stronger US dollar and ongoing inventory destocking has led to a drop in sales for Frutarom, but the flavour and specialty ingredients supplier remains uncowed about the long term.
Associated British Foods looks to be dealing well with the economic downturn, especially in its ingredients division which, with the bulk of its business outside the UK, has benefited from the weak pound.
The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Frutarom is ready to start casting about for new acquisitions in the second half of 2008, after another strong quarter in which it reaped the benefits of the seven businesses it acquired in 2007.
CSM is counting the returns from its restructuring programme, with an increase in sales for the first half of 2008 and strong performance from its Purac business.
DSM has turned in a strong first quarter, with its Nutrition
cluster registering 18 per cent year-on-year growth despite a weak
US dollar and rising raw materials costs.
Givaudan has reported strong sales for the first quarter ending
March 31 with results significantly boosted by the continuing
integration of Quest International.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.
France's Naturex has bought the active ingredients division of
compatriot Berkem - its second strategic acquisition in three weeks
and one that will open up major new sales channels for Berkem's
science-backed ingredients.
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Givaudan claims to have continued its good sales growth momentum
despite strong comparables in the third quarter and the ongoing
streamlining of commodity ingredients.
Belgian supermarket Delhaize has announced a 9.1 per cent rise in
first-quarter domestic sales and strong growth in Greece, following
a tough 2005 on the European retail scene.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
The anticipated replacement of International Flavours &
Fragrances (IFF)'s chairman and CEO comes at a difficult period of
transition for the business.
Ahold's acquisition of 56 stores in the Czech Republic is part of
the company's plans to expand its position in central Europe
following its complete withdrawal from the Spanish and Asian
markets.
Disposals and currency exchange rates pushed down full-year sales
at Nestlé, the world's biggest food producer, but the decline had
no impact on profitability, which grew by a healthy 8.1 per cent
during 2004. IN order to stay...
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...
Recovery at Dutch retailer Ahold is still well on track, but the
impact of disposals, and the continuing decline of the US dollar
against the euro, pushed down the headline sales figure in 2004.
But with just a few more planned disposals...
German retail group Metro has posted full-year sales growth of 5.3
per cent for 2004, in line with analysts' expectations. But with
the figures boosted by positive exchange rates, the underlying
sales performance reflects ongoing...
Hungarian food canner Globus has dropped into the red in the third
quarter of 2004, with pressure on prices and the sale of a
production facility contributing to the poor performance. But a
steady move in Hungary towards higher added-value...
The widespread restructuring of Ahold's business announced two
years ago looks set to continue to impact results at the Dutch
retail group this year, with first quarter results hit by disposals
and currency exchange rates.
Wimm-Bill-Dann Foods, one of Russia's leading dairy and soft
beverage companies, has announced a fall of 25.4 per cent in its
net quarterly income due mainly to the rising price of milk and
depreciation of equipment.
Leading Hungarian frozen and canned food company Globus has posted
a small first quarter loss following a drop in domestic sales and
an unexpected increase in costs.
Poor first quarter figures from two of Europe's leading food retail
groups were attributed to both companies' exposure to the US
market, where the weak dollar has significantly impacted
euro-denominated sales. But neither...
Improved flavour sales in Europe gaining from modest gains in
currency conversions boosted first quarter results for the US
flavour giant International Flavors & Fragrances (IFF).
Strategies in 2003 to get the company back into...
Ongoing growth in cultures sales to the dairy industry and health
markets helped the Danish ingredients firm Chr Hansen post a modest
rise in revenue for the food ingredients division in the first six
months. Organic growth for the...
Number one flavours and fragrance firm Givaudan ambles along in the
first quarter with higher sales in flavours offsetting a drop in
the fragrance division, suggesting that strategies to boost profit
announced back in January this...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
Singing the tune of many a food company operating globally today,
number one flavours and fragrance group Givaudan felt the squeeze
on the gross profit margin as the lower US dollar and sharp
increases in raw materials cut into the...
Baltic Beverages Holding has revealed its full year 2003 and fourth
quarter results, showing the company has continued to maintain its
growth in the maturing beer market.
