Spanish biscuit producer Galletas Gullón has announced a new record: its turnover for 2015 reached EUR306.5m, almost 20 million more than the previous year, representing an increase of 7%. This considerable growth is due to the company’s exports and commitment to innovation and R+D, with the launch of new health food products such as the Vitalday and Devoracol ranges, as… Read more »
After encountering numerous difficulties in 2014 in its U.S. business, prospects for Grupo Bimbo S.A.B. de C.V. in the United States have improved considerably, said Daniel J. Servitje, president and chief executive officer. Speaking to investment analysts Feb. 27, Mr. Servitje was hopeful both because of external market conditions and because of steps the company has taken to better position… Read more »
The Hershey Company has announced sales and earnings for the third quarter ending 28 September 2014.
Nestlé’s financial results highlight the UK and Ireland as growth markets for the company in 2012 despite the tough economic environment. Nestlé UK & Ireland delivered growth by responding to the changing shopping habits of UK consumers, particularly in the growing online, convenience and discounter sectors.
Sales of Kit Kat increased in 2012. The tough economy has not diminished consumers’ commitment to Fairtrade. Following the success of Fairtrade Kit Kat 4-finger in recent years, Kit Kat 2-finger achieved Fairtrade certification in January 2013. Kit Kat 2-finger is now the second biggest Fairtrade product in terms of individual products sold, second only to bananas.
Puratos Group confirms long-term strategy with solid final 2011 growth figures and an encouraging 2012 early-year outlook
The Puratos Group announces its final results for 2011. At a time when markets are increasingly subject to volatility and growth pressure, Puratos manages to achieve growth fully in line with its long-term strategy. This is further confirmed by encouraging 2012 early-year figures.
Grupo Bimbo reported results for the first quarter ended March 31, 2012. For the first time, the Company is reporting its results under International Financial Reporting Standards. Figures for prior corresponding periods have been adjusted accordingly. The principal effects on the profit and loss statement are: i) employee profit sharing (PTU for its Spanish acronym) registered above the operating line; ii) higher depreciation costs reflecting updated asset valuations; and iii) different accounting treatment for employee benefits.
In the first three months of 2012, sales increased by 5.6% to CHF 21.4 billion (€17.8bn). Organic growth was 7.2%, composed of 2.8% real internal growth and pricing of 4.4%. Acquisitions net of divestitures, added 3% to sales, whilst foreign exchange had a negative impact of 4.6%.
Grupo Bimbo S.A.B. de C.V. reported results for the fourth quarter and full year ended December 31, 2011. Sales in the fourth quarter reflected three key factors: i) double-digit organic growth; ii) the integration of the Sara Lee operations in the United States and Spain and Fargo in Argentina; and iii) the consolidation of independent operators (IOs) in the United States, as per below. Net sales rose 36,8 percent over the year ago quarter to 41,6 billion MXN, with increases of 14,5 percent in Mexico, 59,5 percent in the United States and 44,6 percent in Latin America.