FDBusiness.com

Tag "financial performance"

Strong Full Year Performance From Diageo

    Strong Full Year Performance From Diageo

Strong performances in emerging markets have helped Diageo to achieve organic growth of 6% in net sales to £10.76 billion and 9% in operating profit before exceptional items to £3.20 billion for the year ended 30 June 2012, with the margin improving by 60 basis points. Free cash flow was £1.6 billion.
During the year, Diageo […]

Read Full Article

Interim Revenue and Profit Growth at Heineken

    Interim Revenue and Profit Growth at Heineken

Heineken has reported a 4.5% organic increase in revenue to Eur8.8 billion for the first half of 2012, driven by higher total consolidated volumes up 1.6% and revenue per hectolitre growth of 2.9%. Group beer volume rose 3.3% with increases in four out of the global brewer’s five regions. Reported net profit increased 30% to […]

Read Full Article

Carlsberg Shows Resilience

    Carlsberg Shows Resilience

Helped by market share gains in all regions, Carlsberg has reported a 47% rise in net profit to DKr3.28 billion in the first half of 2012 on organic net revenue up by 1% to DKr32.46 billion (Eur4.35 billion). However, operating profit at DKr4.05 billion was down from the DKr4.70 billion in the first half of […]

Read Full Article

Solid First Half From Kerry Group

    Solid First Half From Kerry Group

Kerry Group has reported a solid business performance for the half year ended 30 June 2012 and increased guidance for full year. The global ingredients, flavours and consumer foods group increased revenue by 10% (2.5% on a like-for-like basis) to Eur2.9 billion and trading profit by 12.6% to Eur241 million. Notwithstanding the increased level of […]

Read Full Article

Nestle Maintains Momentum During First Half

    Nestle Maintains Momentum During First Half

Reflecting growth across all its global regions, Nestle has reported a 7.5% increase in group sales to SFr44.1 billion (Eur36.7 billion) with net profit up 8.9% to SFr4.7 billion for the first half of 2012. Organic sales growth was 6.6%, composed of real internal growth of 2.9% and pricing of 3.7%. Acquisitions, net of divestitures, contributed […]

Read Full Article

Stability Returning to Premier Foods

    Stability Returning to Premier Foods

UK food processor Premier Foods has reported that its underlying business sales increased by 1.1% to £757.1 million in the six months to 30 June 2012, an increase of £8.0 million compared to the prior year, and that underlying business trading profit increased by 3.2% to £53.2 million. As Premier Foods is undergoing a period […]

Read Full Article

Rise in Interim Profit and Sales at Parmalat

    Rise in Interim Profit and Sales at Parmalat

Parmalat has reported a 9.4% rise in EBITDA to Eur183.3 million on revenue up 6.1% to Eur2.28 billion for the first half of 2012, aided by increases in sales prices implemented last year in the Italy-based international dairy group’s main countries and higher sales volumes in Australia, Russia and Africa.
In Italy EBITDA grew by 16.0% […]

Read Full Article

Profits and Sales Fall at Zetar

    Profits and Sales Fall at Zetar

Zetar, the UK-based confectionery and snack foods group, has reported a 17.5% drop in adjusted profit before tax to £5.5 million for the year ended 30 April 2012. Revenue dropped 5.0% to £128 million due to Zetar’s strategic exit from low margin commodity snack products and reduction in Easter confectionery sales. Net borrowings were reduced […]

Read Full Article

Real Good Food Company Set For Major Expansion

    Real Good Food Company Set For Major Expansion

With all divisions recording sales growth, Real Good Food Company has reported a 62% increase in EBITDA to £9.1 million on turnover up 24.4% to £249.0 million in 12 months to December 2011. The performance was driven by a focus on brand development and by driving sales growth.
A significant proportion of the EBITDA growth came […]

Read Full Article

Record Year For Greene King

    Record Year For Greene King

UK regional brewer and pub group Greene King has delivering another set of record results. Revenue increased by 9.4% to reach a record £1.14 billion for the 52 weeks to April 29 2012 and operating profit before exceptionals rose by 6.4% to a record £236.2 million. Profit before tax and exceptionals advanced by 8.6% to […]

Read Full Article

Profits Slump at Warburtons

    Profits Slump at Warburtons

Rising raw materials costs and a decline in the UK bakery market have impacted on the financial performance of Warburtons. Pre-tax profits at the UK’s largest independent baker fell by more than a third from £26 million to £16.3 million for the year ended September 24, 2011 as turnover edged ahead from £492 million to […]

Read Full Article

Sale of Wiseman Stake Lifts First Milk

    Sale of Wiseman Stake Lifts First Milk

UK dairy co-operative First Milk has delivered a robust performance and solid financial results for the year to 31 March 2012. Pre-tax profits increased from £7.2 million in 2011 to £13.3 million but £9.6 million of this figure relates to the profit made on the sale of First Milk’s shareholding in Robert Wiseman Dairies, which […]

Read Full Article

Emerging Markets Drive SABMiller

    Emerging Markets Drive SABMiller

SABMiller, the world’s second largest brewer, has reported an 11% increase in revenue to $31.4 billion and a 12% rise in EBITA to $5.6 billion, with underlying lager volumes up 3% to 229 million hectolitres, reflecting particularly strong growth in Latin America and Africa.
EBITA increased by 8% on an organic, constant currency basis, with all […]

Read Full Article

Dairies Business Behind Loss at Dairy Crest

    Dairies Business Behind Loss at Dairy Crest

Although revenue increased, due to strong growth in its Foods business, and group operating profits levels were maintained, UK dairy group Dairy Crest has reported a pre-tax loss of £10.1 million for the year ended 31 March 2012. Dairy Crest’s revenue rose by 2% to £1.63 billion during the year, with its Foods business growing […]

Read Full Article

Solid Interim Performance by Britvic

    Solid Interim Performance by Britvic

Britvic, the UK-based soft drinks group, has increased revenue by 1.7% to £641.1 million for the 28 weeks ended 15 April 2012 but EBITA declined 6.9% to £41.9 million and margins slipped 60bps to 6.5% due to the impact of higher raw material costs and continuing problems at its Irish business. Profit before tax sank […]

Read Full Article

Uniq Acquisition Boosts Greencore

    Uniq Acquisition Boosts Greencore

Buoyed by the acquisition of Uniq, UK and Irish convenience foods group Greencore has increased revenue by 49.9% to £567.7 million and group operating profit by 36.7% to £31.7 million for the 26 weeks ended 30 March 2012. Revenue from continuing activity rose by 9.3% with the Convenience Foods division ahead by 9.7%. However, group […]

Read Full Article

Robust Performance by Cranswick

    Robust Performance by Cranswick

UK food group Cranswick has recorded its highest ever sales and second best trading profit in its history for the year ended 31 March 2012, despite strong raw material price increases early in the financial year and a continued challenging environment for the consumer.
Underlying sales rose 10% in the year to £821 million, reflecting growth […]

Read Full Article

Sales and Profits Increase at Milk Link

    Sales and Profits Increase at Milk Link

UK dairy co-operative Milk Link has produced a solid financial and trading performance over the last year. Group turnover increased by 7.1% to £628 million and EBITDA rose 15.4% to £33.7 million for the year ended 31st March 2012.
Milk Link lifted comparable profit before tax up by 42.7% to £14.3 million and the Member milk price […]

Read Full Article

Good Interim Performance by Marston’s

    Good Interim Performance by Marston’s

Growth across its three divisions has helped Marston’s, the UK regional brewer and pub operator, to increase group revenue by 7.6% to £342.1 million and underlying profit before tax by 14.7% to £33.5 million for the 26 weeks ended March 31st 2012. The improved performance was achieved in a challenging consumer environment, with above market […]

Read Full Article

Robust Performance by C&C Group

    Robust Performance by C&C Group

C&C Group, the Irish and UK branded cider and beer business, has increased operating profit before exceptional items by 9% to Eur111.2 million for 2012, despite a 4.8% drop in net revenue to Eur480.8 million. Operating margins improved to 23.1% up 2.9 ppts reflecting the group’s strategic focus on driving brand value and greater operational […]

Read Full Article

Robust Performance by Danish Crown

    Robust Performance by Danish Crown

Danish Crown, Europe’s largest meat processor, has reported a 1.2% decline in first half profit to DKr733 million (Eur98.6 million), chiefly due to increasing commodity prices. Consolidated revenue increased from DKr24.7 billion in the first half of the previous year, to DKr27.6 billion, reflecting organic growth as well as the acquisition of D&S Fleisch in […]

Read Full Article

Destocking in Russia Impacts on Carlsberg’s Profits

    Destocking in Russia Impacts on Carlsberg’s Profits

Carlsberg Group has reported a 2.8% rise in revenue to DKr12.9 billon (Eur1.7 billion) but operating profit declined by 43% to DKr574 million for its first quarter as volumes falls in Russia, due to destocking, offset solid growth in Northern & Western Europe and in Asia.
Northern & Western Europe and Asia achieved operating profit growth in spite […]

Read Full Article

Glanbia Remains On Track

  Glanbia Remains On Track

Glanbia, the international nutritional solutions and cheese group, has reported that international demand for dairy products has remained solid in the first three months of 2012, supported by demand from developing economies. Prices for most dairy categories have weakened in the year to date, mainly due to an oversupply of milk resulting from sustained good […]

Read Full Article

Strong Sales Performance by Remy Cointreau

  Strong Sales Performance by Remy Cointreau

French drinks group Remy Cointreau has reported a 13% increase in full year turnover to Eur1.03 billion, including a 21.9% rise in Remy Martin sales to Eur592.5 million. All regions of the world contributed to the increase, with double-digit organic growth in the US and Asia. The strong results were driven by the move up […]

Read Full Article

Sugar Drives Associated British Foods

  Sugar Drives Associated British Foods

Buoyed by strong performances from its sugar business and its Primark retail arm, Associated British Foods has reported a 3% rise in profit before tax to £329 million on group revenue up 11% to £5.77 billion for the 24 weeks ended March 3rd 2012. AB Sugar increased revenue by 17% to £1.2 billion and operating […]

Read Full Article

Dairygold Reports Strong 2011 Performance

  Dairygold Reports Strong 2011 Performance

Strong returns from international dairy markets and increasing on farm milk production, which created higher processing throughputs, helped Dairygold, the Irish farmers co-operative, to generate an operating profit on its core activities of Eur22.6 million for 2011, a 19.6% increase on the 2010 figure. Dairygold’s optimisation of its product and customer mix, together with improved operating […]

Read Full Article

Profits and Revenues Rise at Lakeland Dairies

  Profits and Revenues Rise at Lakeland Dairies

Lakeland Dairies, Ireland’s second largest dairy processing co-operative, has reported an 18% increase in revenues to Eur472 million and a 52% rise in operating profit to €6.85 million for the year ended 31st December 2011.Lakeland exports to over 70 countries offering some 170 branded dairy products to customers. In 2011,Lakeland processed over 700 million litres […]

Read Full Article

Double-digit Profit and Sales Growth at Hilton Food Group

  Double-digit Profit and Sales Growth at Hilton Food Group

Despite the difficult economic conditions, Hilton Food Group, Europe’s leading specialist retail meat packing business supplying major international food retailers in twelve countries, made good progress during 2011. The group has reported a 10% rise in profit before tax to £24.5 million as it increased the volumes of meat packed by 6% and revenue by […]

Read Full Article

Barry Callebaut Outperforms Chocolate Market But Profits Fall

  Barry Callebaut Outperforms Chocolate Market But Profits Fall

Barry Callebaut, the world’s leading manufacturer of high quality cocoa and chocolate products, increased its sales volume by 6.7% for the first half year ended February 29, 2012 to again outperform the worldwide chocolate confectionery market. All the company’s regions and product groups contributed to the volume growth.
Barry Callebaut reported a 3% rise (up 10.4% […]

Read Full Article

Adnams Takes Long-term Approach

  Adnams Takes Long-term Approach

With beer volumes rising by 7%, British regional brewer and pub operator Adnams has increased operating profit (before exceptional items) by 2.8% to £3.3 million on sales up by 7.3% to £54.6 million for the 12 months to 31 December 2011. On the retail side of its business, profit per pub was up by 15% […]

Read Full Article

Finsbury Reaches £100 Million Interim Sales Milestone

  Finsbury Reaches £100 Million Interim Sales Milestone

Finsbury Food Group, a leading UK manufacturer of cake, bread and morning goods, has increased revenue by 16% to £102 million for the six months ended 31st December 2011 to pass the £100 million interim sales milestone for the first time. Profit before tax grew by £0.3 million to £2.2 million.
The group achieved growth across each […]

Read Full Article

Strong Financial Performance By AG Barr

  Strong Financial Performance By AG Barr

Despite the challenging trading environment, AG Barr has increased revenue and volume ahead of the UK soft drinks market to produce a strong profit performance. Turnover increased by 6.6% to £237.0 million for the year ended January 28th 2012 – a cumulative 27.6% increase in turnover over the last three years – and pre-tax profits, […]

Read Full Article

Another Strong Performance From Stock Spirits Group

  Another Strong Performance From Stock Spirits Group

Stock Spirits Group, Central Europe’s leading branded spirits and liqueurs business, has reported a 4.1% increase in EBITDA to a record Eur63.9 million on a like-for-like basis for 2011. On a constant currency basis, EBITDA rose by 6% but revenue at Eur295.1 million was slightly down on a like-for-like basis compared to the Eur301.9 million […]

Read Full Article

Profits Plunge at Premier Foods

  Profits Plunge at Premier Foods

Premier Foods has reported a 29.3% drop in trading profit for ongoing business to £173.7 million for 2011 on sales down 3.4% to £1.81 billion. The UK food group has been disposing of assets to reduce its debt mountain. The sales of the Meat-free, Canned grocery and Brookes Avana businesses realised total net proceeds of […]

Read Full Article

Interim Profits Rise at Aryzta

  Interim Profits Rise at Aryzta

Aryzta, the Switzerland-based global speciality bakery group, has reported a 3.3% rise in EBITA to Eur178.8 million on revenue up 0.9% to Eur1.91 billion for the six month period ended 31 January 2012, as its Food Group increased EBITA by 11.3% to Eur173.0 million and revenue by 9.4% to Eur1.40 billion.
Aryzta has operations in North […]

Read Full Article

Global Brands Behind Solid Performance by Anheuser-Busch InBev

  Global Brands Behind Solid Performance by Anheuser-Busch InBev

Anheuser-Busch InBev has increased revenue by 4.6% to $39.05 billion in 2011 as its three global brands of Budweiser, Stella Artois and Beck’s grew by 3.3%. However, total group volumes decreased 0.2% during the year, with own beer volumes decreasing 0.1%.
The world’s leading brewer grew EBITDA by 10.7% in nominal terms and 7.7% organically to $15.36 […]

Read Full Article

Another Record Year For Nichols

  Another Record Year For Nichols

Driven by its strong brands and international business, UK soft drinks company Nichols increased sales by 18% to £98.9 million in 2011 and profit before tax by 20% to £18.1 million. Nichols’ UK soft drinks sales outperformed the market, increasing by 15%, more than twice the market growth rate of 7%. Whilst Vimto remains the […]

Read Full Article

Lindt & Sprungli Beats Sales and Earnings Targets

  Lindt & Sprungli Beats Sales and Earnings Targets

Swiss chocolate confectionery manufacturer Lindt & Sprungli has reported a 1.9% increase in net income to SFr246.5 million on group sales down a 3.5% to SFr2.49 billion for 2011 as adverse exchange rates impacted. However, on an organic basis, Lindt & Sprungli achieved sales growth of 6% to meet its strategic growth target, and improved […]

Read Full Article

Strong Performance By Glanbia

  Strong Performance By Glanbia

Reflecting strong performances from both its Irish and US operations, Glanbia, the global nutritional solutions and cheese group, has reported a 17.9% rise in operating profit to Eur161 million on revenue up 23.3% to Eur2.67 billion for the year ended December 31st 2011. Operating margin dropped 30 bps to 6% due largely to input cost […]

Read Full Article

Arla Foods Increases Revenue and Earnings

  Arla Foods Increases Revenue and Earnings

Despite continuing weak consumer confidence in Europe, where 80% of its business is based, Arla Foods achieved double digit growth in both revenue and earnings in 2011. Revenue rose by 12% to almost DKr55 billion (Eur7.4 billion) and Arla Foods increased the earnings for its 8,200 co-operative owners in Denmark, Sweden and Germanyby 11%, paying […]

Read Full Article

Kerry Group’s Trading Profits Reach €500 Million Milestone

  Kerry Group’s Trading Profits Reach €500 Million Milestone

Despite the tough trading environment, Kerry Group, the global ingredients, flavours and consumer foods manufacturer, has increased trading profit by 7.1% on a like-for-like basis to Eur5001 million on sales up 6.4% to Eur5.3 billion for the year ended 31st December 2011.
The group’s ingredients & flavours businesses grew steadily in all regions benefiting from Kerry’s breadth […]

Read Full Article

Russia Weakens Carlsberg’s 2011 Performance

  Russia Weakens Carlsberg’s 2011 Performance

Carlsberg Group’s 2011 financial performance has been adversely impacted by a decline in the Russian beer market. Group operating profit at DKr9.82 billion (Eur1.32 billion) declined organically by 4%, as solid growth in Asia and Northern & Western Europe was not enough to offset the Eastern European decline, and group operating margin declined to 15.4% […]

Read Full Article

Sales Drop But Profits Advance at Baxters Food Group

  Sales Drop But Profits Advance at Baxters Food Group

Despite a 2.5% drop in sales to £125.8 million Baxters Food Group increased pre-tax profit by 6.9% to £7.1 million for the year ended May 28th 2011. The drop in turnover is attributable to the UK market where the practice of low margin promotional activity shows no sign of easing, according to Audrey Baxter, chairman […]

Read Full Article

Nestle Grows in Both Developed and Emerging Markets

  Nestle Grows in Both Developed and Emerging Markets

Reflecting growth in both emerging markets and developed markets, Nestle increased net profit by 8.1% on a continuing basis to SFr9.5 billion (Eur7.8 billion) for 2011 on sales of SFr83.6 billion exhibiting organic growth of 7.5% and 3.9% real internal growth. Trading operating profit was SFr12.5 billion and the margin advanced 60 basis points (90 […]

Read Full Article

Heineken Achieves Organic Growth Across All Regions

  Heineken Achieves Organic Growth Across All Regions

Driven by a group beer volume increase of 3.6% with growth in all regions, Heineken has reported a 6.1% increase in revenue to Eur17.12 billion for 2011. Revenue grew 3.6% organically, reflecting total consolidated volume growth of 2.1% and revenue per hectolitre growth of 1.5%.
Organic EBIT growth was 1.4% as higher revenues, cost savings and […]

Read Full Article

Emerging Markets Drive Danone

  Emerging Markets Drive Danone

Strong growth in emerging markets helped Danone to increase like-for-like sales by 7.8% to Eur19.32 billion and improve its trading operating margin by 20 bps to 14.72% in 2011. The organic sales growth reflects a 3.0% increase in sales volume and a 4.8% increase due to price/mix effect. Trading operating income rose 9.2% on a […]

Read Full Article

Annual Profits Plunge at Coca-Cola Hellenic

  Annual Profits Plunge at Coca-Cola Hellenic

Coca-Cola Hellenic has reported a 1% growth in net sales revenue to Eur8.85 billion for 2011 but volumes fell by 1%. Despite overall volume and net sales revenue remaining similar to the previous year, the continuing adverse impact of commodity costs and persisting economic challenges across most of the group’s territories, combined with unfavourable country […]

Read Full Article

Major Restructuring at PepsiCo to Maintain Profitable Growth

  Major Restructuring at PepsiCo to Maintain Profitable Growth

With worldwide snacks and beverage volumes rising by 8% and 5% respectively, PepsiCo has increased operating profit by 16% to $9.63 billion on net revenue up 15% to $66.5 million for 2011. Reported net income rose by 2% to $6.46 billion.
The results reflect top-line gains across its worldwide snacks and beverage businesses, the acquisition of […]

Read Full Article

Diageo Delivers Solid Interim Performance

  Diageo Delivers Solid Interim Performance

Helped by strong growth in emerging markets and a recovery in some developed markets, Diageo has reported an 8% growth in operating profit before exceptionals to £1.87 billion on net sales up 8% to £5.76 billion for the six months ended 31st December 2011. Volume growth was 3% and organic net sales growth was 7%, […]

Read Full Article

Solid Growth at European-focused Coca Cola Enterprises

  Solid Growth at European-focused Coca Cola Enterprises

Coca-Cola Enterprises, the world’s third largest independent Coca-Cola bottler, has increased revenue by 11.5% to $8.3 billion with volume sales up 3.5% for 2011. Reported full-year operating income was $1.0 billion.
Since disposing of its North American operations, Coca-Cola Enterprises is now focused purely on Europe, where it is the sole licensed bottler for products of […]

Read Full Article

Solid 2011 Performance By The Coca-Cola Company

  Solid 2011 Performance By The Coca-Cola Company

The Coca-Cola Company has reported a 33% rise in net revenues to $46.54 billion and comparable currency neutral net revenues growth of 29% for 2011, reflecting the acquisition of Coca-Cola Enterprises’ former North America operations in the fourth quarter of 2010. Full year reported operating income grew 20% to $10.15 billion and comparable currency neutral […]

Read Full Article

Record Sales For Beam

  Record Sales For Beam

US-based global spirits group Beam (formerly known as Fortune Brands) has reported a 4% rise in operating income to $572.2 million on net sales up 8% to a record $2.3 billion for 2011. On a comparable basis when adjusted for foreign exchange, acquisitions, divestitures, and the ongoing impact of the new Australia spirits distribution agreement […]

Read Full Article

Food Volumes Down at Unilever

  Food Volumes Down at Unilever

Unilever has reported a 1% increase in both operating profit and net profit to Eur6.43 billion and Eur4.62 billion respectively on turnover up 5% to Eur46.5 billion for 2011. Underlying sales growth was ahead by 6.5% with price up 4.8% and volume growth 1.6%. The rise in sales was driven by strong growth in emerging […]

Read Full Article

Finsbury Food Group Passes £100 Million Interim Sales Barrier

  Finsbury Food Group Passes £100 Million Interim Sales Barrier

Finsbury Food Group, a leading UK manufacturer of cake, bread and gluten free bakery goods, has increased first half sales revenues to £102 million, passing the £100 million in six months milestone for the first time. This represents organic growth of just over £14 million and an increase of 16% compared with the prior year.
The […]

Read Full Article


Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
  • September 26, 2017FHM2017
  • September 26, 2017POWTECH
AEC v1.0.4

Jobs: Food Packaging

Jobs: New Product Development

Jobs: Finance

Jobs: Project Management

Jobs: Logistics

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements