R&R Ice Cream has posted a 1.3% drop in sales for the first quarter of 2016 as its acquisition of Nestlé’s South Africa business, fluctuating exchange rates, and tough European trading conditions hit like-for-like performance.
Australia’s largest dairy cooperative Murray Goulburn (MG) has reviewed the expected performance of the business for the balance of FY16 and is dropping its farmgate milk price (FMP) by slightly more than 10%.
Italian dairy company Parmalat’s net revenue for the financial year ending December 31, 2015, rose from $6.08bn (€5.5bn) to $7.1bn (€6.4bn), however, profits fell from $228m (€205m) in 2014 to $164m (€147.6m).
Nutritional food manufacturer Glanbia has recorded double-digit growth for the sixth consecutive year, with earnings before interest, depreciation, tax and amortisation (EBITDA) up 10.5% to €271M (£214M) for the 52 weeks to January 2 2016.
SIG was the main revenue highlight for Reynolds Group Holdings as it reported a decrease of $20m to $3.3.bn for the three month period ending 31 March this year.
DSM’s nutrition unit performed well with the Martek acquisition helping 13% sales growth, but the polymers and pharma faired worse, leaving the company with 3% overall growth, but a dipped EBITDA of €306m for the quarter.
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.
Drought in New Zealand and continued strong buying from Russia and China are expected to keep international dairy commodity prices buoyant in early 2011, according to Rabobank.
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.
Global packaging provider Rexam says it will begin renegotiating
contracts with its European clients later this year in a bid to
recover some of the rising costs of the aluminum used in its
beverage cans.
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.
Enodis, the world's largest manufacturer of commercial foodservice
equipment such as ovens and mixers, reported better profits but
slightly worse sales due to the weak dollar, increased steel prices
and difficult UK and continental...
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
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...
Nestlé, the world's largest food group, has reported underlying
growth of 5.1 per cent for the first quarter of 2004, helped by a
strong performance from its added value dairy business, where sales
were some 7.6 per cent ahead....
Dairy giant Danone posted a sharp increase in like-for-like
revenues for the first quarter of 2004, boosted in particular by
strong sales of 'healthy' dairy products such as its probiotic
range. Like all European dairy companies...
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.
Bongrain, the
French cheese maker best known for brands such as Coeur de Lion and
Tartare, ended 2003 with a slight increase in sales compared to the
previous year, but continued to suffer at the hands of negative
exchange...
It's that time of year again. Companies are releasing their third
quarter results amid great fanfare, even if there isn't that much
to cheer about. The bottling industry in particular has had a
fairly difficult year, with...
The Italian food group, Parmalat said that its sales in the
Americas were devastated by the appreciation of the euro against
the US and Canadian dollar during the first half.
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
A substantial improvement in the profitability of its core dairy,
rice and sugar unit has helped Spain's Ebro Puleva group to
maintain profit levels in the first quarter despite a decline in
sales.
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period. But actual sales declined as a result
of the continued strength of the Swiss...
Fromageries Bel, the French cheese group, has reported a slight
decline in sales as a result of the depreciation of the dollar and
poor economic conditions in core markets such as Germany and the
Middle East.
Despite currency devaluations in both North and South America,
Italian dairy group Parmalat posted only a 2.7 per cent decline in
sales for 2002 as a programme of product roll-outs helped boost
organic volume growth.
Dutch life science company DSM saw net profit for the fourth
quarter of 2001 rise to €1,031 million from €119 million in the
fourth quarter of 2000, largely due to the sale of the depositary
receipts. Profit on 4Q ordinary activities...
French cheesemaker Bongrain sees sales drop 4.4 per cent in the
nine months to the end of September, but stresses that cheese sales
began to recover in the third quarter, auguring well for the rest
of the year.
