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Strong Recovery By Lindt & Sprungli

    Strong Recovery By Lindt & Sprungli

Benefiting from improving consumer sentiment across its domestic and international markets, Swiss premium chocolate manufacturer Lindt & Sprungli has reported a 25.3% jump in net profit to SFr241.9m (Eur189m) for 2010. Group sales were SFr2.58b, showing strong organic growth of 7.3% during 2010 but growth in Swiss francs was 2.2%. Despite the negative currency factors, […]

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Acquisitions Bolster Aryzta

    Acquisitions Bolster Aryzta

Helped by strategic acquisitions, Aryzta, the Switzerland-based international speciality bakery group, increased EBITA by 52% to Eur173.1m on revenue up by 36% to Eur1.89b for the first six months ended January 31st 2011. Group EBITA margin increased by 90bps to 9.1% and underlying fully diluted net profit rose 40.9% to Eur116.3m.
The core Food Group increased […]

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Another Successful Year For Nichols

    Another Successful Year For Nichols

UK-based soft drinks group Nichols increased profit before tax (pre-exceptional) by 23% to £15.1m on sales up 16% to £83.9m for the year ended December 31st 2010. Nichols’ brand portfolio includes Vimto, which is sold in over 65 countries, and Sunkist and Panda, which are sold in the UK. The company operates in both the […]

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Return to Profitability in Ireland Underpins Strong Glanbia Performance

    Return to Profitability in Ireland Underpins Strong Glanbia Performance

Buoyed by improved global dairy markets and good demand in key nutritionals sectors, Glanbia, the global nutritional solutions and cheese group, increased total revenue by 21.4% to Eur2.6b and EBITA, before exceptionals, by 21.6% to Eur173.2m for the year ended January 1st 2011. The improvement in performance was driven by the return to profit of […]

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Arla Foods Achieves 2010 Profit Target

    Arla Foods Achieves 2010 Profit Target

2010 has been a year of expansion for Arla Foods following a period of restructuring and cost reduction in 2009. The Scandinavian dairy co-operative increased turnover by 6% to DKr49.03b (Eur6.6b) in 2010 and annual profit by 30.6% to DKr1.27b. In 2010 Arla’s board of directors decided that the company would aim for annual profits […]

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Strong Showing by Kerry Group

    Strong Showing by Kerry Group

Kerry Group, the international ingredients, flavours and consumer foods manufacturer, increased revenue by 9.7% to Eur5.0b in 2010 and trading profit by 11.3% to Eur470m, resulting in an improvement of 20 basis points in group trading profit margin to 9.5%. On a like-for-like basis, revenue rose by 4.6%. Adjusted profit before tax increased by 16.2% […]

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Challenging Year For Carlsberg

    Challenging Year For Carlsberg

Reflecting a highly challenging year in Russia, its largest market, Carlsberg increased net revenue by 1% to DKr60.05b (Eur8.0b) and operating profit by 9% to DKr10.25b in 2010. However, revenue fell 3% organically during the year with volume down 2% and a 1% decline in price/mix. Favourable currency factors were responsible for 8% of the […]

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Continued Recovery at Pernod Ricard as Full Year Targets Raised

    Continued Recovery at Pernod Ricard as Full Year Targets Raised

Benefiting from an improvement in the global economic environment and favourable currency factors, Pernod Ricard has achieved strong sales and profit growth in the first half ended December 31st last. Net sales increased by 13% to Eur4.28b – up 7% organically – and group share of net profit from recurring operations rose by12% to Eur726m.
Pernod […]

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Solid Sales Growth and Bumper Profit at Nestle

    Solid Sales Growth and Bumper Profit at Nestle

Reporting growth across all regions and categories, Nestle achieved a 6.2% organic growth in 2010 group sales to SFr109.7b (Eur84.9b) with real internal growth of 4.6% and tripled net profits to SFr34.2b, reflecting the disposal of its Alcon shareholding. However, excluding the exceptional net profit of SFr24.5b from the Alcon disposal, 2010 group net profit […]

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Robust 2010 Performance by Heineken

    Robust 2010 Performance by Heineken

Helped by the integration of its FEMSA acquisition in Latin America and continued growth of its flagship brand, Heineken increased net profit by 41% to Eur1.44b for 2010 on revenue up 9.7% to Eur16.13b. On an organic basis, net profit (beia) rose by 19.7%, driven by solid EBIT (beia) growth and lower interest costs, but […]

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Interim Profit Down at Thorntons

    Interim Profit Down at Thorntons

Although revenue rose by 4.8% to £127.4m, interim profit before tax for the 28 weeks ended January 8th 2011 declined by 8.5% to £8.3m at Thorntons, the UK confectionery manufacturer and retailer. Adverse weather conditions in its second quarter affected sales and profits, and disruption to the supply chain caused incremental costs of £0.5m.
The fall […]

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Premier Foods in the Red But Debt Level Reduced

    Premier Foods in the Red But Debt Level Reduced

Premier Foods, the UK’s largest food producer, has reported a pre-tax operating loss of £98m, against a profit of £42m in 2009, on a continuing basis for 2010 after a £125m goodwill impairment at its Brookes Avana own label bakery and prepared food business. Group turnover dipped by 3.5% to £ 2.57b due to lower […]

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Strong 2010 Performance by Danone Gives Confidence for 2011

    Strong 2010 Performance by Danone Gives Confidence for 2011

With all of its divisions and regions posting gains, global food and beverages group Danone achieved a 14.2% rise in underlying net income to Eur1.67b on sales ahead by 13.5% to Eur17.01b for 2010. Excluding the impact of changes in exchange rates (+6.0%) and acquisitions, total sales were up 6.9%. This organic growth reflects a […]

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Valio Lifts Milk Price as Profits Rise

    Valio Lifts Milk Price as Profits Rise

Finnish dairy co-operative Valio increased profit after tax from Eur17m to around Eur37m in 2010 as it benefited from increased sales of branded products abroad and rising ingredients prices globally. Turnover rose from Eur1.79b in 2009 to Eur1.82b last year as international operations grew by 18% to offset a 5% drop in domestic sales.
Valio has […]

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Raisio in Middle of Growth Phase

Raisio, the Finnish food and functional food ingredients group, increased net sales by 17.9% to Eur443.0m in 2010. EBIDTA fell from Eur37.5m (excluding one off items) in 2009 to Eur35.3m last year. EBIT was Eur19.4m (Eur20.5m excluding one-off items), which accounts for 4.4% (5.5%) of net sales, which is in accordance with Raisio’s all-year guidance.
“Raisio […]

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Europe Remains Weak Spot For Diageo

    Europe Remains Weak Spot For Diageo

Despite a 3% decline in Europe, Diageo achieved organic net sales growth of 4% to £5.32b for the six months ended December 31st 2010 and 2% organic operating profit growth (before exceptional items) to £1.73b. Diageo reported a 12% rise in operating profit to £1.72b for the period and profit before tax was £1.61b, against […]

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Surge in Sales at PepsiCo

    Surge in Sales at PepsiCo

Driven by gains across its worldwide snacks and beverage businesses, and from the acquisitions of its anchor bottlers earlier in the year, PepsiCo has reported a 34% surge in net revenue to $57.84b for 2010 with net income up 6% to $6.34b and ahead by 15% on a constant currency basis.
The successful integration of its […]

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Europe is Flat But Coca-Cola Achieves Solid Global Growth

    Europe is Flat But Coca-Cola Achieves Solid Global Growth

Having achieved solid worldwide volume growth of 5%, Coca-Cola has reported a 3% increase in operating income to $8.4b for 2010 on net revenue ahead by 13% to $35.1b. Comparable currency neutral net revenue was ahead by 14% to $34.5b, reflecting 5% growth in concentrate sales, 1% positive price/mix and an 8% benefit from structural […]

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Solid Performance by Coca-Cola Hellenic

    Solid Performance by Coca-Cola Hellenic

Greece-based soft drinks group Coca-Cola Hellenic increased volume sales by 1% in 2010 to 2.1b cases and net revenue by 4% to Eur6.79b. On a comparable basis (excluding restructuring costs), operating profit (EBIT) rose 5% to Eur682m and net profit advanced 8% to Eur450m. Free cash flow of Eur549m was stable compared to 2009.
During 2010, […]

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Strong Growth as Unilever’s Transformation Progresses

    Strong Growth as Unilever’s Transformation Progresses

Despite intense competition, weak consumer confidence in many markets and the impact of rising commodities costs in the second half, Unilever has delivered a strong financial performance in 2010 as it continued with its transformation strategy. Whilst markets showed little or no growth in the developed economies, emerging market growth remained healthy.
Turnover rose 11.1% (3.6% […]

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Zetar Continues Recovery

    Zetar Continues Recovery

Zetar, the UK confectionery and natural snack foods group, has built on the recovery in its last financial year by reporting good organic growth in the first six months ended October 31st 2010. Adjusted profit before tax rose 10% to £2.4m on turnover up 6% to £60.3m.
Progress was underpinned by the confectionery division, which is […]

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Irish Business Puts Britvic in the Red

    Irish Business Puts Britvic in the Red

Continued market share gains in Great Britain, a successful innovation programme and further expansion into continental Europe, were behind an 18.1% increase in operating profit (EBIT) before exceptional and other items to £129.6m at Britvic for the 53 weeks ended October 3rd, 2010. The rise was due in part to the Eur237m acquisition of Britvic […]

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Food Sales Lift Marston’s

  Food Sales Lift Marston’s

Helped by growth in its sales of food and premium ales, Marston’s has increased underlying pre-tax profit by 4.6% to £73.5m on revenue up 0.9% to £650.7m for the year ended October 2nd last. The British brewer and pub operator also managed to reduce debt by £17.1m to £1.08b during the year.
Operating profit fell in […]

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Global Spread and Big Brands Drive Profit at SABMiller

  Global Spread and Big Brands Drive Profit at SABMiller

SABMiller, one of the world’s leading brewers with operations and distribution across six continents, has increased reported EBITA by 13% to $2.47b for the six months to September 30th 2010. The growth was 10% on an organic, constant currency basis, as key operating currencies strengthened against the US dollar compared to the equivalent period in […]

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Strong First Half Performance By Fuller, Smith & Turner

  Strong First Half Performance By Fuller, Smith & Turner

British regional brewer Fuller, Smith & Turner has increased pre-tax profit by 11% to £16.8m on revenue up 4% to £121.5m for the 26 weeks ended September 25th 2010. The managed pubs and hotels division, which is the largest part of the business, achieved a 3.3% increase in like for like sales and an 8% […]

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Strong Annual Operating Performance by Refocused Greencore

  Strong Annual Operating Performance by Refocused Greencore

Following three strategic disposals to become sharply focused on its UK, Irish and US convenience foods operations, Greencore has reported a 17.6% rise in group operating profit from continuing operations to Eur59.7m on sales up by 6.9% to Eur856.9m for the year ended September 24th 2010. Group operating margin from continuing operations improved by 63bps […]

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Interim Profit Down at Robert Wiseman Dairies

  Interim Profit Down at Robert Wiseman Dairies

As expected, following an earlier profit warning, Robert Wiseman Dairies, which processes and delivers 30% of the fresh milk consumed in Britain, has reported a fall in operating profit, down 2.7% to £21.0m, for the first six months ended October 2nd 2010, compared to the corresponding period last year.
Turnover increased by 6.8% to £452.8m during […]

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Solid First Half by Dairy Crest

  Solid First Half by Dairy Crest

Dairy Crest has performed solidly during the first six months of the year, benefiting from being a broadly based dairy business with strong brands. Adjusted profit before tax (before exceptional items, amortisation of acquired intangibles and pension interest) was up 5% to £40.1m on the comparable period in the previous year. Reported profit before tax […]

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Record Results From Associated British Foods

  Record Results From Associated British Foods

Associated British Foods has reported a 10% increase in revenue to £10.2b and adjusted operating profit up by 26% to £909m for 2010. With 56% of sales and 46% of operating profit generated outside the UK, the translated results of overseas businesses benefited from the weakness of sterling. At constant currency, and adjusted for the […]

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Strong Annual Results From Barry Callebaut

  Strong Annual Results From Barry Callebaut

Switzerland-based Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, reported strong results for its 2009/10 financial year, ended August 31st last. With a sales volume growth of 7.6%, Barry Callebaut significantly outperformed the global chocolate confectionery market which was basically flat at a growth rate of 0.3%.
All regions contributed to this […]

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Satisfactory Interim Performance by Milk Link

  Satisfactory Interim Performance by Milk Link

Milk Link, the UK dairy co-operative, has more than trebled profit before tax to £12.2m in the first half of 2010, compared to the corresponding period in the previous year, and increased EBITDA from £12.5m to £21.3m. Group turnover was £283m, up from £259m in the first half of 2009.
The 2010 first half financial performance […]

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Record Year at Graham’s The Family Dairy

Graham’s The Family Dairy, Scotland’s largest independent dairy company, achieved record sales and profits during its last financial year ended March 31st 2010. Turnover broke through the £40m barrier for the first time and pre-tax profit rose by 28% to £1.05m.
“We have made a significant investment in product innovation and developing the Graham’s brand, which […]

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Encouraging First Half by Tate & Lyle

  Encouraging First Half by Tate & Lyle

Tate & Lyle, the global sweeteners and food ingredients group, has reported an 18% increase in adjusted operating profit to £170m (up 13% in constant currency) for the first six months to September 30th 2010 as its specialist food ingredients and bulk ingredients businesses improved profits by 32% and 13% respectively.
Sales in the first half […]

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First Milk Returns to the Black

  First Milk Returns to the Black

UK dairy co-operative First Milk has reported profit before tax of £3.2m for the six months period ended September 30th 2010, recovering from a loss of £9m in the first half of last year. Similarly, operating profit increased by £11.8m to £3.8m as improvements were achieved across the group’s various businesses, and turnover rose by […]

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Nestle On Track to Meet Full Year Expectations

  Nestle On Track to Meet Full Year Expectations

Nestle remains on track to deliver on its earlier forecast of full-year organic growth of around 5% combined with an EBIT margin increase in constant currencies in its food and beverages business. The Swiss company has reported group sales of SFr 82.8b, consisting of 6.1% organic growth, including 4.5% real internal growth, for the first […]

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Acquisitions Lift C&C Group as Magners Returns to Growth

  Acquisitions Lift C&C Group as Magners Returns to Growth

Reflecting the impact of acquisitions and a return to volume growth of its Magners brand in Great Britain for the first time since 2007, Irish cider producer C&C Group has reported a 29.4% increase in operating profit from continuing operations to Eur63.4m for the six months ended 31st August 2010 on net revenue up 73% […]

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Profit Jump at Weetabix

  Profit Jump at Weetabix

Helped by rising sales of cereal bars and retailer own label products, UK breakfast cereals manufacturer Weetabix has increased pre-tax profit by 26% to £97.2m for 2009 on turnover up slightly to £322m, despite the almost unprecedented trading conditions throughout the year.
Sales of the Weetabix brand slipped during the year due partly to the launch […]

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Strong Performance by William Grant & Sons

  Strong Performance by William Grant & Sons

Independent Scotch whisky and spirits distiller William Grant & Sons has increased operating profit by 8.8% to £103.6m on turnover up 40.1% to £838.3m for its 2009 financial year. Pre-tax profit dropped from £129m to £114m but this was chiefly due to one-off gains in the previous year resulting from the restructuring of the Maxxium […]

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Finsbury Food Group Shows Resilience

  Finsbury Food Group Shows Resilience

Despite a declining turnover as customers moved away from the premium products that had been its traditional area of strength, Finsbury Food Group managed to deliver growth in key areas, increase profitability and restructure the business to achieve operational efficiencies during the year ended July 3rd 2010. Revenue at the UK cakes, bread and morning […]

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Positive First Half Performance by AG Barr

  Positive First Half Performance by AG Barr

British soft drinks group AG Barr has increased turnover by 13.9% to £119.2m in the first half ended July 31st last, as its core brands Irn-Bru, Rubicon and Barr all performed significantly ahead of the total soft drinks market. Profit before tax, excluding exceptional items, increased by 18.8% to £16.0m.
The UK soft drinks market grew […]

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Aryzta Well Placed to Benefit From Economic Recovery

  Aryzta Well Placed to Benefit From Economic Recovery

Swiss and international speciality bakery group Aryzta has reported a 2.2% increase in operating profit (including associates and joint ventures) to Eur305m from underlying revenue up 8.6% to Eur3.01b. The core Food Group – Aryzta also owns 71% of Origin Enterprises, the Irish agri-nutrition business – increased operating profit by 4% to Eur227m on underlying […]

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Interim Loss at The Real Good Food Company

The Real Good Food Company, the UK sugar, ingredients and bakery group, has reported a loss before tax of £1.298m, including significant items of £189,000, for the first six months ended June 30th 2010, against a loss of £1.194m in the corresponding period last year. Overall group sales in the half year decreased by 11% […]

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Sudzucker Projects Higher Sales and Profits

  Sudzucker Projects Higher Sales and Profits

German-based Sudzucker, which is Europe’s largest sugar group, has reported a 57% increase in operating profit to Eur282m on sales up by around 5% to Eur3.07b for the first half ending August 31st 2010. All business segments – sugar, special products, cropenergies and fruit – contributed to the earnings improvement.
For the full year, Sudzucker now […]

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Robert Wiseman Dairies Cautions on Profits

  Robert Wiseman Dairies Cautions on Profits

UK liquid milk specialist Robert Wiseman Dairies has cautioned that whilst anticipated sales volumes for the year remain unchanged, operating profits will be impacted by around £7m in the second half of the year to April 2nd 2011 and, assuming no improvement in margins or volume gains, by approximately £16m in the full financial year […]

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Cadbury Helps Kraft to Hit Sweet Spot

  Cadbury Helps Kraft to Hit Sweet Spot

Kraft Foods has just outlined its new global development strategy and expects to deliver organic revenue growth of 5% or more, margins in the mid- to high-teens and earnings per share (EPS) growth of 9% to 11%. Following its $18.4b acquisition of Cadbury earlier this year, Kraft Foods became the undisputed world leader in snacks, […]

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Strong Interim Results From Hilton Food Group

  Strong Interim Results From Hilton Food Group

UK-based Hilton Food Group, the leading specialist retail meat packing business supplying major international food retailers in Europe, has reported a strong underlying trading performance for the 28 weeks to July 18th 2010, with sales and profits up despite the difficult, pervading economic conditions across the continent.
Volumes grew overall by 11% and turnover increased by […]

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Own Stores Decline Hits Thorntons

  Own Stores Decline Hits Thorntons

Reported pre-tax profit before exceptionals fell 2.4% to £6.1m on flat revenue of £214.6m for the year ended June 26th 2010 at Thorntons, the UK confectionery manufacturer and retailer, as sales through it own stores declined, particularly in the second half. Underlying profit before tax improved by 14.2% to £7.5m
In spite of the difficult trading […]

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Dogged Full Year Performance By Pernod Ricard

  Dogged Full Year Performance By Pernod Ricard

Pernod Ricard, the world’s second largest spirits and wine group, has reported a 1% increase in net profit to Eur951m on net sales down 2% to Eur7.08b for the 2009/10 financial year ended June 30th 2010. Organic sales growth was 2%, including a significant 9% upturn in the second half, but the results reflect negative […]

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Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

  Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

Increased prices in the global market, rising foreign exchange rates as well as strict control of costs have allowed Scandinavian dairy group Arla Foods to post a hugely increased profit of DKr697m (Eur93m) on a turnover of DKr23.8b for the first half of 2010, while still increasing the ongoing payment to its co-operative owners. This […]

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FrieslandCampina Doubles Interim Profit

  FrieslandCampina Doubles Interim Profit

Dutch dairy co-operative Royal FrieslandCampina has doubled profit to Eur156m, due to improved margins and volume growth, and increased revenue by 5.5% to Eur4.3b for the first half year of 2010, compared with the corresponding period last year. Revenue growth was driven by higher sales of consumer products in Asia and Africa, sales of basic […]

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First Half Improvement at Wimm-Bill-Dann Foods

Russian dairy, food and beverages group Wimm-Bill-Dann Foods increased net income by 7.1% year-on-year to US$69.5m on revenue up 17.1% to US$1.26b for the first six months ended June 30th 2010. EBITDA rose marginally to US$159.7m from US$158.3m in the same period of 2009.
The revenue increase was driven by volume growth in the group’s dairy, […]

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Solid First Half Profitable Growth By Kerry Group

  Solid First Half Profitable Growth By Kerry Group

Kerry Group, the global ingredients, flavours and consumer foods manufacturer, has achieved strong profitable growth in the first half of 2010 with trading profit up 12.9% to Eur204m and sales revenues increasing by 6.7% and 2.7% on a like-for-like basis to Eur2.4b. Profit before tax increased to Eur162m from the 2009 first half level of […]

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Interim Profit Tumbles at Josef Manner

Josef Manner, one of Austria’s leading confectionary manufacturers, has reported a 2.4% fall in revenue to Eur72.1m for the first half of 2010. Net profit dropped to Eur1.27m compared to Eur1.84m for the corresponding period in 2009. However, the company’s performance improved markedly in the second quarter of 2010 following a weak first quarter. Family […]

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Solid First Half Performance By Emmi

  Solid First Half Performance By Emmi

Helped by rising international sales, Swiss dairy group Emmi has increased net profit by 21.5% to SFr39.9m (Eur31m) on sales down by 0.5% to SFr1.27b for the first half of 2010. The profit margin was 3.1 % and Emmi anticipates stable sales for the second half of the year, with the margin remaining at around […]

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