Tag: results
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Callebaut CEO "delighted by strong results"
Barry Callebaut has reported sales volume for its fiscal year 2018/2019 up 5.1%, which it says is well above market growth. Sales revenue was CHF 7.3 billion, up 7.8 % in local currencies (5.2% in CHF). Operating profit (EBIT) was up 11.9% in local currencies (8.5% in CHF). Net profit increased 14.2% in local currencies (10.4 % in CHF). Callebaut…
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Cargill reveals ag-tech survey results
Technology in agriculture (ag-tech) is how we’ll feed a growing population, make farming more sustainable and improve the lives of farm animals, say 85% of the 3,000 participants in Cargill’s new three-continent consumer survey. At the same time, only about half of those surveyed want their food to come from a technologically advanced (versus traditional) farm. Industries like medicine and…
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Q1 results in line with expectations, momentum improved in Food Cultures & Enzymes
Organic revenue growth of 1% in the first three months of 2019/20, corresponding to 1% EUR growth, was in line with expectations: Food Cultures & Enzymes 4%, Health & Nutrition (4)% and Natural Colors (1)%. EBIT before special items decreased by 1% to EUR 70 million, corresponding to an EBIT margin b.s.i. of 25.7%, down 0.6%-point compared to last year.…
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FrieslandCampina 2019 results: Higher profit and growth for branded products in a tough market
FrieslandCampina has reported a slight decline in revenue, attributed to a 3.4 percent dip in milk supply, in a newly released 2019 financial overview. In the home markets (The Netherlands, Germany and Belgium), the company notes growth and profitability were under pressure. However, the Dutch multinational cooperative has reported a rise in profit by 36.9 percent to €278 million (US$304…
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